Heard through a friend as potential for cash flow even with current rates and growth potential due to proximity to TX north border, casinos etc.   

Do what makes sense for kickbacks on your cards (hollar Amazon) but I have two main cc with great bonus plans that I use for most materials. 

Like vehicles  airplane or equipment for your contracting business .. or real estate with its bonus depreciation but its going down and not as attractive as a few years ago for sure.   

The real estate appreciation, you can reduce your taxable income, and the interest on your mortgage is usually deductible, which is a nice bonus.

Assets identified in this study include:Permanent Fixtures: windows, doors, bathroom fixturesStructural Components: Roof construction, drywall, wood framingBuilding systems: water heater, electrical distribution, HVAC, plumbingInterior Construction: Wood flooring, stairs, ceramic tileThis 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.

You can use REPS through your wife to offset your 2024 W-2 income by combining your time for material participation and doing a cost segregation and bonus depreciation on the remaining rentals.

Bonus that the rents are higher than the lower comps you pulled (double check because tenants shop around, so may be your comps were not equivalent). 

While there's a foundational curriculum, the plethora of bonus content and activities can sometimes feel like a lot.

One or two gurus spend on average of a documented $100,000 a month in employee costs, taxes, office space, marketing and bonuses.

KowalIf this is true a sound strategy is to get bonus depreciation to get as much loss as possible (which gets to reduce my pension income) and as much sec1231 gain (which becomes cap gain)