You’re correct that prior year losses generally can't offset W-2 income, but any new depreciation from cost segregation studies on properties in 2024 should be eligible.

I wouldn't call West Milford a classic hold market so you want to consider that.

Are you utilizing any cost segregation studies/real estate professional status to lower the taxable income?

Market Research: Study the local market trends, job growth, and property appreciation to ensure long-term profitability.

I appreciate everyone's feedback but I am still curious if there are any professional PM's with case studies.

But he was trying to pull a classic move—waiting until the last moment to pressure us into lowering our fee, thinking that we’d be desperate to close and agree to his terms.But here’s the thing: We weren’t.Instead of giving in to his renegotiation tactics, we told him no.

A cost segregation study was performed on this single family home in West Palm Beach, FL purchased in 2023 with a depreciable cost basis of $841,850.

Can anyone recommend resources for studying or analyzing markets outside of the United States? 

(ICF Global Coaching Study (2019): Rates and trends for coaching in high-net-worth areas.)

So, your CPA is correct in saying that the insurance proceeds won't be taxable assuming they were used to repair or replace the damaged portion of the property.Cost Segregation Study (CSS): A CSS is a tax planning tool that allows you to accelerate depreciation deductions by identifying and reclassifying certain components of your property as shorter-lived assets.