5 percent down, standard 30 year loan How did you add value to the deal?

The concept of the Housing Authority running out of money never even occurred to me!

Maintenance and repairs typically range from 5-7% of rental income, compared to the standard 10%, as new builds have fewer immediate issues.

It certainly complicates an easy concept....

We purchased a property in early October and are placing it in service this week (mid November).We had intended to run a cost segregation study and try to accelerate depreciation which we can deduct against our W2 (assuming material participation).However, we have been reading through the IRS guidelines (eg publication 946 on Property Depreciation) and there seems to be the concept of "short year" which would mean that we can only deduct ~1.5/12 of a year's worth of depreciation in 2024.Is this correct or are there any different rules for STRs specifically?

The standard response time is 6-8 months from cross-platform marketing, but bad marketing (will buy house for cash) without any personalization is 12 months or never.Maybe I should make a canned list with headers that I copy and paste to make it more clear. :)

Some brokerages may have it structured slightly differently, but generally, this is standard. 

I'm curious if anyone has any recommendations or experience with this.I plan to use my standard lease and add further details from my Airbnb listing.

I currently own a rental property that is financed with a standard mortgage.

Chicago's Residential Landlord and Tenant Ordinance (RLTO) and building codes require that all rental units meet zoning, health, and safety standards.