Assets identified in this study include:Bathroom Fixtures: Bathtubs, vanities, showers and toiletsStructural Components: Drywall, wood framing and interior partitionsBuilding systems: water heater, electrical distribution, HVAC, plumbingInterior Construction: Wood flooring, stairs, ceramic tileSmoke detectorsThis engineering-based cost segregation study included the following methodology:Physical Inspection through a site visitDocumentation review including architectural plans, accounting records and construction documentsA cost analysis which utilizes engineering principles in order to allocate costs to their applicable asset classificationsCalculation of the depreciation schedule using MACRSAs a reminder, bonus depreciation started to phase out in 2023.

Given California's high property values, your plan to purchase a duplex or multi-family property is smart.

Sheri look and see what the city is planning and see what going on with homeland security a few more big names just said they are coming over there and look at the Good hope area where the city is putting  millions on grants to redo the store in the area on the mayors page so do a double take on that one.

I realized I didn't have any equity in the deal and I also didn't have a clear exit plan if something were to go wrong. 

Case by case I'll set up a payment plan.

I planned to open one right as Covid hit so had to go in a different direction unfortunately.   

The plan for the property would be to rent it monthly while we are not there and use it at least once a year for ourselves. 

There are hardship withdrawal provisions and others that can be exercised if you meet the requirements. 3) If you have access to a workplace plan, like a 401k, with a Roth component, you can consider that as well. 4) If you setup your Roth with a Self-Directed IRA custodian, they can allow you to invest in assets like real estate, private lending, private equity and other alternative assets. 

You have no cash, high leverage and can't make payments - bad idea. 4) What's the plan to pay down the second mortgage/HELOC?

We are obviously planning to have an attorney draft our next lease so make sure it checks all the boxes but their lease doesn't end till May 2025.