Personally, in this market, I would work on saving up and really doing my best to find a great opportunity and pull the trigger then.

Obviously tough to give advice based on minimal info and no info on your personal situation.

BUT, let’s say for personal reasons you want to “stretch” for faster wealth accumulation.  

Feel free to reach out if you want to chat about any of these topics.Hey @Ben Fernandez, welcome to the BP Forum!

Recapture typically happens only when you sell the property.If you use the property partly for personal use and partly as a rental in a given year, depreciation and other expenses must be prorated based on the number of days it was rented versus personal useBased on the current tax laws and regulations, once you've taken bonus depreciation on an asset, you cannot "capture" additional bonus depreciation on that same asset in future years, even if the rates increase.In the 2024 tax year, the rate for bonus depreciation is 60%.

Feel free to PM me @Eric Johnson.

Unfortunately, this problem waste a lot of my time that could be spent on other investments.I have used the same tax professional for many years and he is very educated, but also much older than me and it's hard for me to understand all the reasons he has expressed why is better to put the rental on my personal tax returns.

I’m about 1 month in and feeling a little discouraged.

If you're open to sharing your knowledge or having a conversation, I would greatly appreciate your support.Please feel free to reach out—I look forward to connecting with you!

Quote from @John Fleming: I don't have any personal recommendations, but something below may help you in the search.Start by going to www.narpm.org to search their directory of managers.