This potential merger could significantly reshape the U.S. convenience store landscape, continuing the industry’s trend of growth through acquisitions.

Long-term leases are less operationally complex and face fewer regulatory risks - more stable and scalable option.

- Legal and Regulatory Concerns: Are there any local laws or regulations in Fredericksburg, Virginia, that I should be aware of regarding pets in rental properties?

Why Insurance is Not Enough Unfortunately, the landscape with guests and how often lawsuits are filed, has changed dramatically in the last 4-5 years and it's a risk no STR homeowner should take!

We fixed everything in the first 3-5 weeks, plus paint, carpet, landscaping, then rented it out.

What about drive approaches, parking lots, site lights, landscape, irrigation, etc.? 

I added a pool and did some landscaping and have been using it as a family winter retreat and renting it to a STR operator the rest of the year.

The mega site in Richmond, as well as Mt Vernon, will really change the landscape in these areas as they did in E-town when the battery plant came in play. 

Fix Flip- only do surface style changes- flooring, landscape, roof, windows, etc. 

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.