As your Modified Adjusted Gross Income (MAGI) increases, the amount of rental losses you can offset against your ordinary income phases out.

Due to high demand, many investors in Austin are finding they need to adjust their approach a bit to make the numbers work.Rehab Budget: Ensure that bids are received from multiple contractors and that adequate reserves are made for cost overruns.

Stay patient, adjust expectations, and seek help as the process progresses, as one great deal can make up for multiple failed attempts.Good Luck!

A time adjustment may be needed for accurate valuation.• Geographical Competence: Is the appraiser familiar with the area?

You can make adjustments along the way.

I provide the 3115 and 481a adjustments for my clients and their tax professionals with the cost seg studies.

Verbiage such as they’ll never use that plumber again for such unrealistic price if it is not adjusted downward. 

When you go to sell, you're subject to tax on the amount of profit between your adjusted basis and sale price, not your purchase vs sale price.Recapture is NOT repaying the depreciation.

I think I do need to adjust my strategies a bit.

The Zillow post was modified, and price was adjusted.