Eliminate debt, establish a budget, and save.

I never go off of a flat percentage on anything, I analyze the costs to get to a specific return I target and analyze the risk that is involved. 70% may be an initial metric to see if it is even worth pursuing, but every deal should be evaluated independently based on costs, time and risk involved.

Let me know when you find the area you want to look in specifically and I can get you connected to a PM.

Our Wisconsin RECR form is asking very specific questions which seem to vary state by state.

I'd talk to brokers in your specific asset class and market.Do you already own similar assets?

That said, I highly recommend speaking with a local professional in the DFW area to get insights tailored to your specific goals.

@Ryan Daniel  I will preface this with the fact that I have a legal background, specifically with estate planning and asset protection in relation to real estate investments.

Is there a specific challenge you are trying to solve for? 

In US tax law, the depreciable lifespan of an asset is defined by its MACRS classification which stands for “Modified Accelerated Cost Recovery System.”Under MACRS, depreciable assets are assigned to different classes, with each class having a specific recovery period.

@Nathaniel Floyd thanks for your insights and giving a specific market to look into.