The tax benefits of bonus depreciation can lead to massive savings but losses won’t help one bit if you can’t use them.
Before you buy a cost seg, you need to know the rules:
Tax all starts with the types of income....

New to real estate and have quickly zeroed in on using the BRRRR strategy in great areas, one of which I have identified as New Haven (East Rock or Westville neighborhoods).

.: @Zach Howardlots here but i'll tackle just a couple things quickly...

All in all - owning a place to rent to other people is a business, and business decisions need to be made based on that cold hard facts and not on an emotional basis, unless someone wants to quickly go out of business.

Here’s a quick breakdown of our financials:Operational expenses (excluding mortgage): $33k (Jan-Dec 2024)Annual mortgage payments: $58kTotal needed to break even: $91k+Income earned this year: $80kClearly, we need to bridge a gap of about $11k just to cover our expenses, and I’m exploring options to increase profitability.

I, too, suggest having your bank account with a bank that is popular and easy to access in your tenants' town.

It’s about balancing your goals: paying yourself back versus scaling quickly.

Buyers at some point will need access, potentially inspectors and appraisers will need access.Here in DFW if you have any questions or need assistance. 

Now you can't access the cash.

Doesn’t mean you can’t find a good deal, but from our quick search while we were there in May 2022, none of the places came close to meeting our criteria