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.

Check out the free content online of Bill Faeth. 

The BRRRR calculator may help you understand this better as the results are shown in three different phases - rehab, post rehab and then post refinance.

Not important to this post, but the well and septic on this lot were unaffected by the fire.  

Is this the best strategy?

Tons of seasoned members here to also help offer good advice as well as keep new investors from making mistakes.  

Expiration of leaseNonpayment of rentBreach of tenant's statutory dutiesBreach of lease termsIllegal conduct or serious nuisanceThank you for your help!

Hope this helps!

HI @Zachary Sakena putting property into LLC in my opinion depends on that strategy you are looking to implement for next property and if you want to leverage property moving out of into LLC.  

I started investing in rental properties in the Scranton area around  6 months ago, and I also just started doing Fix & Flips in the surrounding areas Olyphant, and Taylor, Old Forge. and I would love to ask if you are doing in this area please share your success stories in that area, I am really curious if people have seen success in this cheap market, and let's help each other with info,  I would love to hear from you, and help you with the knowledge that I gathered in this 6 months.Thank you  I would love to hear from you.