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?

Be professional, but also authentic and approachable.

Also makes it look professional when a potential renter comes to look at it.

Readers should seek professional advice.

Readers should seek professional advice.

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

Professional tenants can smell an opportunity from a new landlord from a mile a way. 

The city attracts students, professionals, and blue-collar workers, making rentals a reliable investment.3.

Shout out to permit professionals like Roy Hasson (just a friend in LA specializing in navigating permit process - this is not a business play we do not work together), who are dedicated to helping others and will likely develop similar resources to support their communities through the rebuilding process.If you’re working on rebuilding efforts or have questions, feel free to connect with me—I’d love to collaborate.

Keep that as a backstop when the primary funds run out so that you don't have to pass up on a great deal that comes your way.LLC structuring is something that you really should talk with a tax professional about.