Having a poor experience with a PMC prepares you with what to ask a new PMC. 

Purchase price: $330,000 Cash invested: $40,000 Hey everyone, I wanted to share a personal story about a property I purchased and renovated in Hudson County, NJ.

Recapture typically happens only when you sell the property.If you use the property partly for personal use and partly as a rental in a given year, depreciation and other expenses must be prorated based on the number of days it was rented versus personal useBased on the current tax laws and regulations, once you've taken bonus depreciation on an asset, you cannot "capture" additional bonus depreciation on that same asset in future years, even if the rates increase.In the 2024 tax year, the rate for bonus depreciation is 60%.

If I were down there I would think about setting up a food truck or 10 or 20 and serving breakfast burritos 24 hours a day with some good hot coffee.Just my 2 cents.

Honestly 350 days a year I don’t even think about it. 12 days a year I wonder if everyone paid and if not will they pay, for about 30 minutes.

I have been a podcast listener since 2011 and a forum browser since 2020!

You are now a foreign entity doing business in CA since YOU run the business from there so Cali wants their $800 either way.So whether you need a REI tax pro is all open to interpretation.

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

If it was a day or two early maybe.

I'm in Cleveland, it's like 20 right now but it was 60 3 days ago.