I've read about strategies to do this and bonus depreciation and how the 1 year bonus depreciation is being phased out.

@Mimi Takele The answer is - maybeThe main question is when did you complete the start-up phase and became actively engaged in business?

A good lender will not only guide you through financing but also offer flexible options that fit each phase of your strategy.

As rental rates progressively outpace expenses over time, the growth in cash flow can provide a reliable income stream.In line with my investment approach, I focus on these three key metrics when conducting property analyses:Initial Equity at the End of Year One:This equity can result from either a down payment or improvements made during a rehab phase.

Quote from @Devin James: @Jay Hinrichs Developments are definitely BIG money makers, but thats also reflected with the risk associated.That's why these projects take so much time and capital, but if you make the right judgements for project selection, and do all your due diligence, it'll turn out well. my 90 home project in Oregon  started it as dirt before covid .. got 1st phase built then covid hit.. had to fight through lumber sky rocketing and other material shortages and the of course interest rate spikes.. but the project ( and I give credit to my Wife and my GC's attention to detail) has sold Very well for record prices and profits .. its de risked now 22 lots left 13 are presold with big non refundable deposits and only 9 lots left that have no debt..

The financial benefits of a cost segregation study are realized through using increased cash flow to scale your business or strengthen your portfolio which is done by maximizing the net present value through deferring tax payments.As a reminder, bonus depreciation started to phase out in 2023.

(Mid grade is usually a 70/30 blend of hi-test and regular, not needing a 3rd underground tank).You should also do a Phase I environmental survey. 

It sounds like you’re in an exciting phase, and you’ve got a solid foundation with your home and your interior design business.

Another thing to keep in mind: The 100% bonus depreciation expired at the end of 2022 and is now phasing out at 20% per year, with the benefit fully sunsets after the end of 2026 calendar year.I recommend you contact a certified cost segregation specialist and/or CPA to discuss your short-term goal.

I'm just in the research and preparation phase at the moment.