Some examples of this would be 1) depreciation calculations such as switching from straight-line depreciation to accelerated depreciation (often used for cost segregation studies when not performed in the year placed in service), 2) income recognition, and 3) inventory valuation such as changing from LIFO to FIFO.Correcting a mistake: If you realized that you used an incorrect accounting method after you filed your tax returns, you can file this form to request permission to change to the correct accounting method so that your tax reporting is accurate.Here’s a chart that you may find helpful when deciding whether you need to amend your return or file a Form 3115.As always, I recommend consulting your CPA or tax advisor as the rules can be complex.What is your experience with filing a Form 3115 or amending your tax return?

Both Pace Morby & James Hodges have mentor programs, they are expensive, but they will accelerate your business very quickly.

So is a cost seg for accelerated depreciation only beneficial for REPS or non-W2 investors (eg. self employed or contract worker)?

Do they have an accelerated quick deposit option?

Beyond that, if financed with a traditional mortgage, is there any risk of putting a property into Land Trust activating an acceleration clause in a mortgage?

However, the other benefits of owning real estate are: - Taxes (depreciation/potential accelerated depreciation)- Appreciation (this is NOT always guaranteed, but over time, you will have appreciation)- Building equity (in this scenario, as long as rent is paid, you'll build about $140 monthly in equity)Please note some expenses that are missing from this are: - Management fees (8-10% on average, if applicable)- Estimated vacancy costs (2-3%)- Estimated repairs (5%)Disclaimer: I am a real estate investor and own four rental properties. 

Happy almost Summer BP Community,I'm reaching out to tap into the collective wisdom of the community as I look to expand and accelerate my rental business using the BRRRR strategy.I currently focus on buy-and-hold investments in small multifamily properties (2-4 units).

However, the smell of smoke is starting to disturb my other great tenants, so I would like to accelerate their leaving as much as possible.

A mentor can accelerate your growth, no matter what level you're currently at.

If you buy the right property you can even reduce the new COR rate if you apply some of the NOI cash flow to the higher rate payment each month.Similar to a Bi-weekly payment it reduces the years owed and the overall rate by accelerating the payoff.