This is not some foo-foo "follow your passion" dream; it's a realistic way of finding out what motivates you, discovering what financial opportunities exist in that realm, and working in the areas in which they converge.

It involves using Section 179 or bonus depreciation, and I would not DIY this project, as distinction between repairs and capital improvements is one of the most confusing areas of the tax law.And no, you do not need a cost segregation study to deduct these components of your rehab - if you have itemized invoices and receipts.Myth 8: for a valid 1031 exchange, I must exchange STR for another STRNo, you don't.

One key component is making sure there is language that outlines how the purchase price is reduced if a payment is received BEFORE the closing.

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You list out all components.

A 5 year life span component will have a higher deduction is year 2 than year 5.

It is also not something that I am "all-in" on and its a component of our portfolio.

We recently discovered mold showing up in the basement walls.

I recently purchased a rental property and discovered it needs more extensive repairs than I originally anticipated.

@Kang-Li ChengI cannot comment on this specific company but we buy loans from similar companies (both performing and non performing) and I Can say the consistent component to these companies is they are horrible at underwriting and write loans to collect the points / fees but many of the loans we see we cannot believe they gave that person a loan.I am curious what types of returns they targeted as the invest in one asset model to me is very risky.