– Considering Class A properties with established tenants• Less focus on appreciation – Prioritizing income stability over potential future gains Current Opportunity: I’m evaluating a retail property in downtown Portland with:• >80% occupancy, most tenants in place for 10+ years• Decent cap rate (6-7%), NNN lease• Well-maintained, high-quality building, with existing HOA which will take care of maintenance. 

Is there something in the way of doing this currently?  

I currently work with investors in a few markets in TX and outside of TX on creating a turn-key portfolio and helping them manage on the back end. 

We are keeping our current house as a rental.

My partner and I are looking to get our next rental (currently have one in a more local market that has a property manager).  

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%.

My thinking immediately turned to researching local rental costs per square foot to determine income potential with triple the current square footage.

I currently live Levittown and a house around the block from me is on the market for 1.5m.

Ask to speak with some of their current owners and current/former tenants.

There's currently a tenant in the house (who I presume caused the smoke damage), but the seller promises that this tenant will be gone before closing.