I hear on podcasts about getting a title company on your team… what benefit does this give you?

I'm trying to help them out and came across your response. 

Someone I know bought a ranch to use as a short term rental property in 2021 for $1.7 million.Engineers did a virtual site visit, they were able to assign a value of $347,000 to either 5-7-15 year assets that were eligible for depreciation.In 2021, the bonus depreciation amount that you could take was 100%.This means that the owner could immediately deduct the full amount of eligible property in the year it was placed in service, rather than depreciating it over time.With that in mind, he took the full $347K deduction in his FIRST YEAR of ownership to offset taxable income from rentals.This was roughly ~20% of his purchase price.It was a big win for him.In 2024, the bonus depreciation rate is 60% so the calculation would be different.That said, you can still save and defer a ton.

There are lots of paid software programs that do this for you as well. 

Purchase price: $55,000 Cash invested: $110,000 Sale price: $205,000 This was a 1950 raised home that needed extensive foundation repairs as well as all plumbing, electrical and subflooring.

Would love to network and see if I can help you if you’re considering any short term rentals as part of your investment strategy.

I hope this helps. 

Purchase price: $150,000 Moved mobile home on bare land What made you interested in investing in this type of deal?

Check with the county to confirm you can do this.

I generally know what that means but I don't know if there are any potential cons with this situation.