The tax advantages of buying/holding gas stations are pretty great.Many of the components of gas stations including pumps, tanks, external parking areas, and other equipment are classified as either 5 or 15 year property so you can bonus depreciate a lot of it (minus the land value) and get significant deductions in year 1.With the 2025 bonus depreciation rate at 40%, a $1 million gas station acquisition could still lead to $100K+ in year 1 deductions depending on the specifics of your deal.

The guy is is in the Navy and invests in Land.

Let's view this another way, a tenant applies to rent who was convicted of burning down a previous landlords property.

Not a landlord anymore after 27 yrs!

So, landlords of exempt units don't even have to be concerned at all.   

Large apartment complexes flooded the market with inventory and are offering crazy incentives and amenities that crush the small landlord which can make finding a tenant challenging and often for less than market rent. 

However, these properties generally have a lot of land improvements that qualify as well as certain portions of electrical, mechanical and plumbing that can qualify.

My husband and I accidentally became landlords in 2022 and are now looking to expand our portfolio! 

Do you check Landlord references?

I’m also an active member of the local landlord association in Joliet (JRLA), which has been a great resource for networking and education.