Additionally, interest-bearing accounts may be mandated in certain jurisdictions, so it's important to check local regulations to ensure you're handling deposits correctly.

Additionally I would suggest having the long term financing relationship built so that they can easily transition the deal after renovation. 

Otherwise, you won't have the additional dollars to pay future inflated prices.Your rental income must last as long as you do.

In addition to real estate, I’m passionate about entrepreneurship and business development.

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%.

Hey Anthony, yeah just some additional details. 

These are professionals with additional training and a stricter code of ethics.

He's efficient and personable and is very able to assist you with questions if needed.Hope to discuss this with you further,

I know the decision shouldn't be made of tax benefit alone but starting to think other areas may help me accomplish both more efficiently.

Happy to chat if you have additional questions.