This means that buying a home could not only provide you with stable housing but could also be a better long-term investment compared to renting.

Sec. 1.167(a)-(11)(e)(1)(i) provides that property is considered to be placed in service when it is “first placed in a condition or state of readiness and availability for a specifically assigned function” (emphasis added).

Consider building a network of local contractors and service providers who can assist with property maintenance.

If so, a best course of action would be refinancing those into lower-rate perm debt which should lower monthly payments and maybe provide some cash-out - that would be the cleanest/most conservative way to build up some more capital

that prompted the discussion.I see a trend on tiKtok where people decorate entire walls with trim, form, LED lights etc and we try to make it clear at move-in that all modifications require approval and the property has to be returned in essentially the same condition as originally provided to them

Most cost segregation firms will provide a free cost/benefit analysis quote to help you determine if the tax benefits from the study will outweigh the costs.

@Marc DelgadoSince I provide CFO Outsourcing services to my clients (which includes book keeping) I wanted to weigh in here with my advice.

We provided that and he was happy to get on board with those strategies.

It depends on your local laws, but any paperwork you can provide the tenant to indicate that they need to respond might help.

However, they provide the leads and claim agents get an average of four sales a year.