This increased risks and costs is reflected in future rent increases.  

We started off doing rental arbitrage and now do a mix of arbitrage and property management.

BUT, I can do a cost seg and bonus depreciation on the 3 remaining rental in 2024 to use those losses to offset my W-2 via REPS. 

What would be the cost of sales if the whole thing doesn't work and you have to sell? 

Depending on the cost, I could see a benefit in the idea.  

You can probably get a line of credit for your business and use that if you don't want to front the costs.

I don't do anything STR nor do we manage it so I can't answer many of your questions, but there are tons of great people on here and resources.

I’ve heard attorneys who specialize in self directed retirement accounts say you can put the lease agreement together and even show the property to prospective tenants andof course you could manage it.  

As a broker who’s talked to a lot of lenders, I really appreciate the ones who take the time to explain things clearly and manage expectations right from the start.

Good morning everyone,Curious to see if someone could help with the following question:If I perform a cost segregation study for a short-term rental property purchased the previous year, would I amend the return for the previous year or adjust in the year of the cost segregation study?