Otherwise, you should work with a mortgage broker who can shop hundreds of lenders for you to help pick the best lending partner for this transaction! 

This was purchased in December 2023 and I am trying to Tax plan for the coming year.1.

Thanks Jason, this is really great input.

Congrats - do you ever think you'll expand a buy a true standalone STR of just happy with this current situation?

The one I close on this week the numbers don't make sense to keep as a rental.

There is way too much liability in placing this type of tenant.

However, I’ve often felt alone in this journey—especially when making big moves—and that’s what brought me to this incredible forum.

A cost segregation study looks at the overall building that you purchased and breaks it down as much as possible.The purpose of this is to increase the depreciation expense.Without a cost segregation study, you are depreciating the property over two items(Building and Land).However, a cost segregation study might identify items such as fencing which might be eligible to be depreciated over 15 years instead of 27.5 years.Depending on the year that the building was placed into service, you might be able to take bonus depreciation on certain items.The follow-up question to ask your CPA is will the cost segregation study help me, and by how much?

Hi all, I was getting excited and learning about RE investing , but came across this article which scared me a bit as far as liability and actually building wealth with investing.

We were considering this or the Smokies.