Someone I know bought a ranch to use as a short term rental property in 2021 for $1.7 million.Engineers did a virtual site visit, they were able to assign a value of $347,000 to either 5-7-15 year assets that were eligible for depreciation.In 2021, the bonus depreciation amount that you could take was 100%.This means that the owner could immediately deduct the full amount of eligible property in the year it was placed in service, rather than depreciating it over time.With that in mind, he took the full $347K deduction in his FIRST YEAR of ownership to offset taxable income from rentals.This was roughly ~20% of his purchase price.It was a big win for him.In 2024, the bonus depreciation rate is 60% so the calculation would be different.That said, you can still save and defer a ton.

This can be far cheaper than having an in-house project manager to do this for you.Based off your statement "this will be my first time managing a renovation out of state", it looks like you are familiar with the renovation process.

Cheaper, easier, faster.

I had one of my borrowers leave me for a HML who was of course cheaper. and this HML assigned all their paper / or at least his paper to Peer st.

We like being aggressive in stock market investing but more conservative in real-estate given that we plan to use that for cash-flow eventually.The options are:We expect to have $200K/year in taxable savings the next 5 years (barring a job loss)- Pump all savings to the stock market & keep the current rental properties as-is and payoff the properties over the next 15 years using cash-flow for snowballing.

So it’s easier for me to obtain a new loan for a primary residence through my VA loan, which is why buying a home for me vs buying a rental property would be cheaper upfront.

I know conventional would be cheaper cost wise, but isn't her husband eligible?

They are nice and guests like them, but obviously there are much cheaper options on Amazon. 

The more experience and more assets, the cheaper the rate a borrower gets. 

BTW…the flight is 14 days away so there you have it…cheaper awards in 14 days.