BP is a great place to connect and meet real estate investors and professionals.

I find condos/townhomes to be easier to manage out of state because the HOA handles a lot of the maintenance, just be aware of condo fees and find a place that is reasonable like $300-400/mo or less if you are lucky.

But now things are working more smoothly and after finalizing the accounting for last year, I have a better idea as to what kind of profit to expect.  

Bonus depreciation recapture is based on the year that is placed into services.As of right now, the bonus depreciation for 2024 is 60%.It is not likely that they will change the bonus depreciation retroactively to 2024.If they change the bonus depreciation for properties purchased in 2025, it will have no impact on a property you placed into service in 2024.

Restaurants, trails, great place to live, etc. 

All you need is a single place to track tenant information, payment history, maintenance, and other things.

Hey Zahra,Have a lot of clients working down there and you are correct, it has become a great place for investors.Biggest differentiator that I have seen has been on appraisals after the repair.

I have totally given up on Quickbooks though it remains the best accounting software for the non CPA type 

Register now, and we’ll notify you when the full session catalog is live.Pro Tip: Book early to guarantee your place and take advantage of the discounted rate.See you in Vegas!

Can anyone confirm the 120 day max limit is still in place?