We do take advantage of deductions- maxing out both 401ks, HSAs in 2023 and itemizing deductions and will do so in 2024 - so we fall at the lower end of the 24% federal bracket (MAGI of $240-260k- so additional ordinary income is 24% income tax plus whatever Medicare/Social security we must pay on the $40kI know I can retain all the earnings in the LLCand 1031 exchange until we no longer have W-2 wages to reduce our taxes, but I plan on using the $40k for a personal home improvement - replace two HVAC systems and install a new wood deck and landscaping).

We added square footage and all the decks and now operate the property as a short term rental with massive success due to the team handling the management for us as the operators.

Other than fixing the existing deck, we have not undertaken improvements. 

It was all hands on deck!

I knew I had found my mentor when I met him on his rooftop deck on a high-rise in downtown LA, he was wearing flip flops, shorts, didn't have a briefcase, worked whatever hours he wanted, and traveled anytime he wanted.

Small deck in the front and stairs in the back.

I paid for extensive repairs for one of my my rental properties deck in 2022.  

Floor 1 and stairwell in 2021 and then floors 2 and 3, and exterior including decking in 2023.

The city of Gautier also made me pour a concrete driveway and add decks on to both doors to the trailer that I moved in.

Does anyone have any advice on where to find the best acquisition model to analyze deals and eventually incorporate into an investor deck?