We don't rent that house  at the moment so I can't say what the current situation is.

Do you still recommend using a real estate CPA or is their tax professionals that specialize in the more simple investor situations like mine?

Hey Jason, You have two different situations here. 

Here's what rubs me about this situation: the market has gone down since 2022.

Obviously I don't know your entire situation so take my thoughts with a grain of salt.That peace of mind you get from a HELOC could be misplaced.

I would be glad to kick her out if she doesn’t follow lease and liesHey Mak, this is a tricky situation.

This relative to my situation, is a super modest amount of funds.

The most effective way to find a professional team to work with is to interview a few to find one that can work with your situation.

Thanks. same situation for us but we don't go live with them until January 2023.

Quote from @Bob Dole: All,Apologies for the newb question, but I just heard about cost segregation and have been reading up about it online.My understanding is this (and please correct me where I'm wrong):Pros: -accelerate depreciation, front load (vs. just a straight line over 39 years) -save money on taxes because of the depreciationCons: -if I sell the property, the recapture will be larger -not recommended if you flip propertiesSo hypothetical situation:-Majority of our income is W2 based, let's say it's $500k-Net income from commercial rental is $100k-Income from dividends and interests is $100k-Both of us are full time W2, so non-prof real estate (but this can change  -- please see below)So we're hypothetically grossing $700k a year.