Benefits include immediate tax savings via bonus depreciation (60% in 2024), but depreciation recapture tax applies upon sale.This post does not create a CPA-Client relationship.

Hey Kendric,I would focus on growing relationships and building your core 4.

My main focus on Florida stems from an established working relationship with a property management company there.

Find an agent with a team that you can build a longterm working relationship with that will make sure you won't overpay for a property and overall will land you an actual deal.

But if you haven't established those relationships yet, good hard money lenders are some of the most honest and reliable capital partners available.Jennie Berger

While I understand the relationship between those months and COVID impacts, and I'm guessing they were within their agreed-upon rights do halt redemptions, it's an additional risk to consider.

@Drew Sygit my strategy for now is to spend the next 6 months or so learning everything I can about real estate markets, properties, underwriting, financing, landlords, property management, construction, legal, insurance, and anything else that comes across my radar, all the while trying to make connections and build relationships within each of these areas to build a network and gain the confidence to sell lenders and investors on the very best deals I can come up with.

Its also a good idea to build relationships with realtors, contractors, insurance agents, real estate attorneys, and property managers in your area so take advantage of events, conferences, and meetups.

If they don't answer my questions, I know they have not read the ad and are just clicking and "tire kicking" or they lack the intellectual focus for me to have any business relationship with them.

This approach undermines the trust that should exist in a lending relationship.