If a cost segregation study was performed, the accelerated depreciation may further reduce the property’s basis, potentially increasing taxable capital gains when sold.Depreciation recapture will occur when you sell the personal residence, so it’s essential to keep detailed records of all depreciation claimed while the property was used as a rental to ensure accurate tax reporting at that time.This post does not create a CPA-Client relationship.

But I ran some actual reports for clients this week and wanted to share.

It seems that often when companies acquire large books of business in one shot there are growing pains and unfortunately those are felt at the client level.

Quote from @Christi Wolverton: First time in 3 years of mid-term renting that I had a credit card denied two months after client moved in.  

I've had a chance to work with a number of clients in the DFW area, and some smaller Texas towns that offer great rental rates.Are you looking for your first investment property, or have you already started building your portfolio?

My client has a property near the hospital where he runs his dental practice and has 6 hospitality units connected on the other end.

If you plan to expand your portfolio, forming an LLC can simplify liability protection and operations for multiple properties.Consult a CPA or legal professional to confirm your tax obligations and evaluate whether an LLC or umbrella insurance aligns best with your investment goals and risk tolerance.This post does not create a CPA-Client relationship.

The Contractor is wrongly blamed for job over-runs when it is usually the clients fault.

I am surprised that @Noah Wrights clients aren't as concerned with that.

They pay rent before the due date, clean the property after every client, and if something breaks they usually repair it before I'm aware because their clients will give them bad ratings.