The tax advantages of buying/holding gas stations are pretty great.Many of the components of gas stations including pumps, tanks, external parking areas, and other equipment are classified as either 5 or 15 year property so you can bonus depreciate a lot of it (minus the land value) and get significant deductions in year 1.With the 2025 bonus depreciation rate at 40%, a $1 million gas station acquisition could still lead to $100K+ in year 1 deductions depending on the specifics of your deal.

There are mutiple components.

@Will Almand A cost segregation (cost seg) study can accelerate depreciation on your properties, reducing taxable income by reclassifying components (e.g., appliances, HVAC) into shorter-lived categories.

You've done a terrific job of detailing the components of each program.

Knowledge and understanding of it is just one component of what makes someone successful in it.   

I think new investors heavily overlook the skill component needed to successfully pull off a renovation to then rent out properly.

, status of major building components (roof, HVAC, structural, electrical, plumbing), accounts receivable aging (are all tenants paying or is the $20,500 schedule rent?)

Anthony Klemm, cost is just one component.  

Current strategy will be to build out as short term rental, 2br 1 ba.Still have not sat down to do business plan, admittedly this is my growth area, but I know its a necessary component to the journey.cheers yall, hope everyone is getting out to enjoy the weather this weekend.

I have even had to remove the skeletal remains of disconnected K&T that was totally cut and not in use due to my insurance company wanting all existing components whether functional or disconnected to be removed.