As Governor Newsom noted, this project is an example of how state laws can transform spaces into beneficial mixed-use developments.This project is expected to set the tone for future developments that combine convenience, housing, and community benefits in California and beyond.

It allows a substantial portion of the asset's cost to be deducted in the first year of service.In 2023, the bonus depreciation rate is 80%.In 2024, it decreases to 60%.In 2025, the rate further reduces to 40%.COST SEGREGATION:Cost segregation involves dividing a property into its individual components for tax purposes.Some parts age faster, like carpets or paint.Your CPA can use this info to more accurately depreciate elements of your property leading to potential tax savings.BASIS:Your basis is the initial price that you paid for your property, including any expenses or improvements.Knowing your basis is crucial for tax purposes, as it's used to evaluate depreciation & determine the capital gains or losses if/when your property sells.LAND VALUE:This is how much your land is worth without any buildings or improvements.Land doesn't get old like buildings, so you can't depreciate it.

I posted a much similar post in another forum and got a combination DSCR lenders (which is fine) and crickets.

But In combination with fences and automatic gates it makes for a pretty secure-feeling place.

A larger multifamily build would generally be more cost efficient as you have less exterior footage and can combine MEP systems.

When you combine these questions with the other guidance above, you put yourself in a position to rent your property to a tenant you can trust.This post originally appeared on the BiggerPockets blog.

Term adjustments can be one or a combination of length of lease; monthly rent; option to purchase price; option money.

This implies you immediate return is the combined state and federal tax rates.  

Investors generally want annualized returns from a combination of cash flow and equity on sale of mid-to high teens; and if they perceive this as a risky investment, they may be seeking even higher returns.

Even when I still had 3 I used Zillow.I list my property on Zillow for rent, I use the Zillow application process, I use their form leases and  collect payment all through Zillow.With only a couple rentals, it did everything I needed it to do, and combined with a spreadsheet or Quickbooks online, if you want to be a little more official, it does not take much work.