After looking into it more, I'm concerned about potential tax implications and legal issues, such as piercing the corporate veil.

@Jake Santos don’t have experience renting out but have plenty of expertise from a tax perspective in regards to this.

Use a wide-angle lens to show more of each room.

If it is that, then just replace the old one with a new one you should be good to go. 

They will do a Good title search that no liens or mortgage issues with the firemineral rights transfer, easements, a survey, type things need to be clear.glad you escaped the fire with your health is main thing

Bonus depreciation is just a special part of the US tax code.It allows you to take accelerated depreciation on portions of your property depending on when an asset is put into service.At the time of this writing, you can write off a huge portion (60% in 2024) of many qualified components that have a useful lifespan of 15 years or less.That means a certain percentage of things like landscaping, sidewalks, latches, appliances, fences, certain flooring, etc is depreciable in year 1.The bonus depreciation rate percentage changes yearly depending on the administration and the tax code.For years 2015 through 2017 first-year depreciation for all the items on a 15-year schedule or less was set to 50%.It was scheduled to go down to 40% in 2018 and 30% in 2019 and then 0% in 2020.But then Trump got elected, and he enacted the Tax Cuts and Jobs Act.That moved the bonus depreciation percentage to 100% from 2017 to 2022.In 2023 it went down to 80% and it’s currently at 60%.Depending on who gets elected again, 100% may be back on the table.Only time will tell.We know that the US government wants to incentivize more development and ownership of RE.They want Americans to continue to build and maintain our physical world.That’s why real estate is one of the most tax-advantaged assets in the US.Depreciation and bonus depreciation for RE are very positive and will likely continue in the years ahead.

I’m looking to expand my network and would love to connect with investors, contractors, agents, appraisers, or anyone who is passionate about real estate.Let’s connect!

Hey Matthew,A lot has changed since you posted this but I also lived in New England and now live in St Pete.

Now, this struck me as strange because these people are constantly behind on their rent.

However, I do agree that there is a problematic trend of guru's falling in love with "creative" without understanding the big picture.