Just yesterday I watched a live stream on BP discussing tax strategies for Real estate investors, and I am not sure if someone has mentioned this already in this thread but there is a new tax break called Bonus depreciation which allows you to claim the full amount of the roof being replaced in one go , not having to depreciate it as we normally would over 27 years.

Plus, an added bonus is that it a capital expenditure that you can write off at the end of the year!

Also, Some attorneys in the area would be an added bonus!

I talked to a CPA firm and they told me that if I have a S elected LLC to manage the Airbnb (even hiring another property manager through the LLC), the income of the rentals of Airbnb can be considered as income through business and the deprecations of the property (such as bonus deprecation) itself which brings losses to the business can be used to offset the W2 income.

@Colin Merrill hourly and for some projects we do a bonus - i.e.had to collect water bills

It's a bonus if you get it.

Additionally I’ll pay $500 bonus when we close on a 8-12 unit or $1000 if we close on a 12-20 unit.I’ve contacted 5 candidates and interviewed 3 people for my cold caller VA position .

They'll train you well and often, and as a bonus you have a high chance of making good 💰!

I think its a little more bonus depreciation for 2018.

As the title suggests, I am a real estate professional and want to harvest a bonus depreciation on a property.