Section 179 allows immediate expensing of assets, but the deduction is limited to your taxable business income.If your net business income (before the deduction) is only $16,962, then that’s the max you can claim in the current year—the rest carries forward to future years.The $18,308 total includes both this year’s deduction and carryover depreciation from last year’s furniture.Why This Matters for You:Your lender wants to see $19K on Line 13 as an add-back for cash flow purposes.Your CPA can’t legally put the full $19K if your business income limits the deduction.However, reclassifying some expenses (like moving office expenses into capital assets) could increase your taxable business income, allowing more Section 179 deduction this year.Discuss with your CPA about reclassifying expenses (e.g., reducing "office expenses") to allow more Section 179 depreciation.

In several markets I follow there has been a HUGE increase in taxes year over year for the past several years.

.= your equity/contributions into business would be increased by $800 So by switching from QBO to Stessa....you've removed the entire accounting component that says whether a,b, or c happened and your CPA is having to piece that together at the end of the year.

And if you don't want to use all of your funds and leverage what you want to purchase real estate inside of your SoloK or SDIRA, then a Non Recourse Loan is the way to increase your purchasing power.

My Class A (nice suburb and great schools) is doing well, except for the significant property tax increases. 

But, insurance costs are likely to rise, making getting mortgages for most people even harder to get.What is likely to happen is more creative financing going forward, private lending to increase and smaller houses being built in the future. 

If the market in your area is trending upward, waiting a little longer could also help increase the appraised value.

I still think it is a good area to invest in despite the increases in cost.  

However, it’s important to ensure the seller is comfortable with the terms and that the property cash flow can support the agreed-upon monthly payments.Seller financing can be a good strategy to grow your portfolio with less initial capital, especially if you're able to increase the property's value through improvements (forcing appreciation).

Absolutely - East Hill is a really popular area for traveling heath care professionals, as well as military on short term TDY orders who are looking for furnished stays.Keys to success for my condo have been keeping the furniture fresh, and not looking like every other listing out there.