A person doesn't have to like these new realities but realities they are none the less.

@Ryan WasherHey everyone, I'd be interested in attending an in-person or virtual meet up also.

If you close with a conventional loan, it will need to be in your personal name.

Now we are in 2025 and although I still own the trucking company, it has been an inconsistent pit that has technically brought me personally no profit.

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%.

I have two phones, one for business and one for personal.

Quote from @John Friendas Quote from @Patrick Roberts: If you are on the note or personally guarantee the debt, then it will affect the liability side of DTI, regardless of whether the lender reports the loan on your personal credit.

Although the journey has been worth it, I've sacrificed quite a bit from a personal lifestyle perspective, relationships, etc.

I have arranged for Servpro to take a look at the property in person to give me a quote for this job.

Contents (Personal Property): most homeowners policies give a set % of the Buildinglimit for Contents.