Honestly, we should have been easy clients - we came to him with a plan in place wanting his help on claiming REP status, setting up a cost segregation for a rental property bought and functioning in 2022, so that we could file for 100% bonus depreciation for that tax year.

This is not the only time that I have dealt with this but what really opened my eyes is I just asked my insurance rep for a quote for an off market 6plex that was brought to me and she pretty much warned me that a lot of her clients are steering away from investing in the Canton City jurisdiction strictly because of the code inspectors.Have any of you ran in to this problem?

I have checked out Quickbooks and spoke with their rep, but the logistics of that do not work for what I need.

And then today, when I called into tech support, I got lectured on my frustration and choice of words (note that I did not cuss nor was I rude to the rep on the phone and even explicitly stated that I understood it was not this particular phone rep's fault).

Though you probably weren't the agent/rep on this deal. 

I've been in multifamily brokerage for the past 10 years and study market trends every day. we do this floorplan in Columbus OHIO and just expanded to florida where there is a lot more interest as a owner's rep / deal facilitator.

It is when the property is available to rent.You do not necessarily need earnings from the property to have deductible expenses (again, available for rent is not always the same date as the lease start).REP status is 750 hours in real estate activities PLUS material participation in the activity(ies).Talk to a CPA or tax pro who knows this stuff.

The amount you can write off phases out if your AGI is above $100K and goes to zero once you hit $150K.If you qualify as a Real Estate Professional Status (REPS) then any passive loss can offset any active income.  

Short-term rental loophole and REPS status are the main paths to follow! 

@Darren Maloney If you are obtaining REP status, cost segregation and bonus depreciation could be a great tax savings benefit to you.