The COVID bonus pay days are over so what they can afford to pay is really down from the height of the pandemic.

A cost segregation study looks at the overall building that you purchased and breaks it down as much as possible.The purpose of this is to increase the depreciation expense.Without a cost segregation study, you are depreciating the property over two items(Building and Land).However, a cost segregation study might identify items such as fencing which might be eligible to be depreciated over 15 years instead of 27.5 years.Depending on the year that the building was placed into service, you might be able to take bonus depreciation on certain items.The follow-up question to ask your CPA is will the cost segregation study help me, and by how much?

My biggest pain point is rounding up help to move them in and out, as I'm a solo self manager.

Assuming the area you do arbitrage in is not a seasonal area and have demand year round with maybe some fluctuation.

My question is if I purchase the property in 2024 but put the property in use in 2025, can I still do cost segregation and do bonus depreciation in 2025?

I'd like to set up something that gives us an alert if someone is at a vacant property after-hours and to determine if a home is occupied without paying someone an hour round trip to find out (for the rare default situations).  

A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

The seller converted one of the garages into a bonus room and it added 300sqft under AC.

. - Bonus Depreciation Recapture form the cost seg you did can be taxed at the marginal rate but this can be minimized the the asset is held for more than 4/5 years. - Capital Gains: Gains from appreciation remain taxed at the capital gains rate, not as ordinary income.

Meeting these requirements could allow you to offset W-2 income with deductions like bonus depreciation and cost segregation.