You'll still owe taxes on the depreciation taken during the time it was a rental, typically at a marginal tax for bonus dep recapture.

Assets identified in this study include:Building systems: water heater, electrical distribution, HVAC, plumbinPermanent Fixtures: windows, doors, bathroom fixturesStructural Components: Roof construction, drywall, wood framingInterior Construction: Wood flooring, stairs, ceramic tileThis engineering-based cost segregation study included the following methodology:Physical Inspection through a site visitDocumentation review including architectural plans, accounting records and construction documentsA cost analysis which utilizes engineering principles in order to allocate costs to their applicable asset classificationsCalculation of the depreciation schedule using MACRSAs a reminder, bonus depreciation started to phase out in 2023.

Bonus: AlbanyMedfordThe Dalles RoseburgGrants Pass 

The tax advantages of buying/holding gas stations are pretty great.Many of the components of gas stations including pumps, tanks, external parking areas, and other equipment are classified as either 5 or 15 year property so you can bonus depreciate a lot of it (minus the land value) and get significant deductions in year 1.With the current bonus depreciation rate at 60%, a $1 million gas station acquisition could still lead to $100K+ in year 1 deductions depending on the specifics of your deal.

You can use bonus deprecation to offset a significant chunk of your w2.

Lot Rent: And to top it off I filled the space that now pays me a lot fee which for a bonus quadruple dip increased the value of my community.As Investors and Entrepreneurs, we get paid to solve problems.

Have plenty of reserve cash saved up in case you need to bonus your trades to do your job next. 

The landlord friendly laws are an added bonus.

This could allow you to take advantage of bonus depreciation, which can significantly accelerate the depreciation deductions in the year you place the property into service

As an added bonus, doing all of this well can often land you on the "vendor list" of a company, putting your contact number as the first call to make when placing the next crew passing through.I apologize for the long-winded reply as you probably know and understand all of this, but there might be a reader that doesn't.