Readers should seek professional advice.

Seriously though, if you haven't already get your self a solid real estate-focused tax professional in your corner.

These are professionals with additional training and a stricter code of ethics.

Depreciation is another powerful tool, allowing you to deduct a portion of your property’s value annually.Action Step: Keep detailed records of all expenses and consult a tax professional to ensure you’re claiming every deduction you’re entitled to.3.

Networking with the professionals in your market will start to open doors and opportunities to collaborate will arise! 

These tax professionals opted to pay to be included in this directory.

This is when you hire a staging professional or staging company to come in, make recommendations, and do the work for you.

The sooner you start these conversations, the better prepared you'll be when the right deal comes along.Local professionals can also be an invaluable resource.

We are not real estate professionals.1) How would you handle the classification of the property in the 2023 tax year and would you utilize a STR depreciation strategy?

@Chris SeveneyI agree it is not the most professional website I have seen.