Purchase price: $85,000 Cash invested: $60,000 My initial strategy for this deal was to flip it and sell it, but the market was unfavorable so I opted for the BRRRR strtategy instead.

If you're looking to invest in the Indianapolis area, I have an 8-unit property that I'm open to selling.

Lets not forget how you tried to bribe us into helping you out with selling one of your houses with “deleting the comment” after we expressed we did not want to work with you any longer because of the false slander.

It would be wise to rectify it before transfer of title so your starting off clean and hopefully won't have any issues when you go to sell down the road. 

Are there great property managers that specialize in student housing properties?

But I could sell partials in the future.Is there software that people use to manage their portfolios? 

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%.

We need the cash to mostly just tie us over untill we sell the property, so 150,000 is on the upper end; 80,000 and above would probably be sufficient. 

8. 1031 Exchanges: If I sell one of my properties, what steps do I need to take to defer taxes using a 1031 exchange?

I toyed with them a little bit and got them to admit what they are selling.