According to passive activity loss rules, every business is obligated to adhere to specific criteria, especially when it comes to short-term rentals.

Cleveland has a lot of vacant lots for example and most will not turn into anything as they haven't for the last 50+ years. 

You're not "prohibited" from claiming bonus depreciation this year, but the resulting loss will probably be blocked and carried into the future years.

The last thing I was debating about is the baluster spacing.

I just had one last week, it was a broken smoke detector. 40 bux. 

Hi everyone,We bought our first property last november in 2023, and are getting ready to list it. 

Yes, that's going to make it a lot harder to find a deal that works, but better to do that than realize you're underwater on something.And if you happen to expand your search and are open to Detroit, I'm happy to share more info on that market.Hey mate, we did the same as you guys when first starting and even ran it at a loss for many years.

@Jennifer TaylorSmall world, I live in Greenville SC also and invest in Multifamily properties via syndication.We do cost segregation on all our deals and typically we find an investor gets depreciation equal to 35% to 40% of the amount invested.So $300,000 invested might generate $100,000 to $120,000 in depreciation.The big question is this depreciation loss is considered a passive loss and generally can only be used to offset passive income.You need to find out whether withdrawal from an IRA is considered passive income.You need to find out can the depreciation be used to offset the income from early withdrawal?

Now, the one in Illinois has a gain, but once again if I add loss from the others the total is negative.

We outgrew our last facility and are looking for a new home by August 1.