Accelerated depreciation, such as through a cost segregation study, can allow you to depreciate certain components of the property more quickly, providing more significant tax benefits upfront.However, filing for accelerated depreciation involves some complexities.

David - let me help:FHA Loan - is just a product type it is not any different from a 203b conventional loan, other than having a renovation component you can use to find a fixer upper and not have to be exposed to out of pocket construction cost using only 3.5% down, even with PMI for an owner occupant this is a killer product. 

The total purchase price should be allocated between the land and the buildings in the same ratio as the value of each component bears to the value of the property as a whole, as of the acquisition date in May 1977.

The term "like-kind exchange" is often used to describe this process, emphasizing that the replacement property must be of the same nature, character, or class as the property being sold.Key Components of a 1031 Exchange:Identification Period:Once a property is sold, investors have 45 days to identify potential replacement properties.

This strategy can be particularly beneficial for real estate investments.Bonus depreciation, which allows for immediate expensing of a significant portion of qualified property, including certain components of real property, can be advantageous.

When you sell a rental property, and you've taken depreciation deductions on certain components of the property, such as flooring, you may be subject to depreciation recapture.

This study can help identify specific components of the property that can be depreciated over a shorter period, potentially accelerating your depreciation deductions.Qualified Business Income (QBI) Deduction:Depending on the structure of your real estate investment, you may be eligible for the QBI deduction, which allows you to deduct up to 20% of qualified business income from certain pass-through entities.Tax Credits:Explore tax credits that may be available for energy-efficient improvements or historical property rehabilitation.

While traditional depreciation schedules span 27.5 years for residential properties and 39 years for commercial properties, a cost segregation study identifies and reclassifies certain components of the property as shorter-lived assets.

Consider a cost segregation study, which can identify components within the property that can be depreciated faster than the building itself.

Consult with a tax professional to determine if your current business structure is the most tax-efficient for your situation.Cost Segregation Study: If you own and develop commercial or rental properties, a cost segregation study can help accelerate depreciation deductions by breaking down property components into shorter asset lives.