I have a foreign STR with Active Income and was looking at doing a cost segregation study and apply bonus depreciation.ThanksTejTej -Many thanks for the question and happy to shed some light.The eligibility of applying bonus depreciation to a foreign Short-Term Rental (STR) is contingent on the tax regulations of the specific country where the property is located.If your foreign STR is subject to U.S. tax laws, you may explore the possibility of applying bonus depreciation, but it's crucial to ensure that the property meets the criteria outlined in the relevant tax regulations.If the STR is situated in a foreign country, you'll need to investigate the tax laws of that specific jurisdiction.

@Rodney Sums, Contingencies in contracts are a great way to go. 

They told me the scammer's attorney works on contingency and 3 letters and 3 calls is all he'll do for a small claim.

You can also put an inspection contingency, so you can renegotiate or back out if issues arise during inspection.

That's when you would need to start paying them. when possible, try to get a contract with contingencies before you send them out.

You can always make your offer contingent upon financing, that way you have a little more flexibility if the appraisal comes in low.  

We bought a home for $120k with the contingency that the woman who lived there could stay (divorce, but the husband wanted the kids to stay in their home/school).

If you really think you've found a great deal that might go fast, you can always put in an offer contingent to any defects you might find, and between the offer date and close date do complete due diligence.

No contingencies involved.

Hi Bauclair,I'm assuming you have an inspection contingency clause that allows you to back out of the contract?