That way you would be ready and when rates hit your target mark, you can lock it in and close right away.  

And your follow-up questions are no exception.If you place it in service in 2024 but do not meet material participation - you can still claim bonus depreciation but it will be locked up and will not be useful as an offset for your W2.

My mistake was locking in the 30K for the furnishing and construction to make into a “better” STR property.

The biggest thing that will limit your ability to buy multiple houses a year is that thing between your ears.

Hello everyone,I’m in the process of replacing the backyard fence at one of my properties in Memphis, TN, and I’m considering upgrading from the current dog ear style to a more modern horizontal cedar wood fence.

I understand that I need to either rekey the house or change the locks out completely.

Smart lock, smart thermostat, Ring doorbell or security camera that you can view remotely (make sure to disclose them on the platforms), Pricelabs for dynamic pricing.  

Maybe I will lock it up and do more due diligence once in escrow but assume I don't make any changes.

My flaw was failing to appreciate the rate cap lock and short timing.  

A broker sent me the deal and we were able to agree to a price with seller financing and lock the deal up early enough and negotiated terms and renovation credits from there.