I don’t think this is the borrower homestead since the records have a different owner address than the physical address.This is confusing because we aren’t buying a foreclosed property, we would be foreclosing to take possession.

How your rental looks when he moves out, well...be prepared for the worst.

However, if I'm just looking at the structure/improvement I believe that a home would depreciate following a curve in the same way that most physical goods depreciate on a curve (in terms of real dollars, adjusted for inflation). 

If they say it is SA then it might as well be and it is what it is.

This could threaten not only the financial well-being of your clients, but also the integrity of your tax practice.Here are some of the current schemes that scammers are using to go after tax professionals.Phishing Attacks Targeting Key Information: Scammers are targeting tax professionals through phishing emails and text messages that appear to be from the IRS in order to obtain sensitive information such as CAF numbers, PTINs and EFINs.

There’s not much else it can be unless it’s in really bad physical condition, which the PM would also notice right away. 

It ties into your great grandfather’s troubles during the 1932 depression; your grand parents ability to purchase a home in 1953 for $100 down with a VA loan, and your own psychological well being at having to have a percentage of your income going to pay debt each month.However, unless debt is so debilitating to you that it keeps you up at night and inhibits your ability to make rational decisions, the decision to pay off debt early is merely a function of numbers.  

I'm hoping tenants don't start pushing back on needing a physical key.

Obviously you will also want to walk all of the units physically during your due diligence period to see the condition of the apartments inside.

Bonus depreciation is just a special part of the US tax code.It allows you to take accelerated depreciation on portions of your property depending on when an asset is put into service.At the time of this writing, you can write off a huge portion (60% in 2024) of many qualified components that have a useful lifespan of 15 years or less.That means a certain percentage of things like landscaping, sidewalks, latches, appliances, fences, certain flooring, etc is depreciable in year 1.The bonus depreciation rate percentage changes yearly depending on the administration and the tax code.For years 2015 through 2017 first-year depreciation for all the items on a 15-year schedule or less was set to 50%.It was scheduled to go down to 40% in 2018 and 30% in 2019 and then 0% in 2020.But then Trump got elected, and he enacted the Tax Cuts and Jobs Act.That moved the bonus depreciation percentage to 100% from 2017 to 2022.In 2023 it went down to 80% and it’s currently at 60%.Depending on who gets elected again, 100% may be back on the table.Only time will tell.We know that the US government wants to incentivize more development and ownership of RE.They want Americans to continue to build and maintain our physical world.That’s why real estate is one of the most tax-advantaged assets in the US.Depreciation and bonus depreciation for RE are very positive and will likely continue in the years ahead.