The tenant was scared and started crying.

Depreciation 27.5 years is a safe solution but I wonder if a tax pro can help me doing it right and save me some money?

If you're a real estate investor looking to maximize your tax savings and boost cash flow, cost segregation might be your secret weapon.

I haven't seen them fine anyone yet but now that the "COVID19" is approaching the rearview I would doubt if they started enforcing it.

@Ali Farhat adding a basement unit starts with a great architect and a great GC.

I started learning real estate investment to quit my full-time job and spend more time with my 3-year-old daughter as well as build cashflow to pay for her future private school tuition.

I think if you start with them you'll have a broad swath of information to consider.

Lol only kidding, but seriously you can offer cash for keys but stipulate they leave the home clean, it will save you a lot of money just in labor cleaning up the place when they leave and if they leave it dirty remind them that was the stipulation.

Just thought for those of you starting out and thinking of buying one to live in for a year or two then turn into a rental or sell later, this is a wonderful option.

When it comes time to renew the lease, I'd find new tenants.As others said, no rent, time to start with a notice and then eviction.