The higher the flat monthly management fee, the more services it includes. 

Alternatives include seller financing, a lease option, or using an LLC or trust to structure the deal while maintaining tax benefits.

Since rental losses are typically passive, the best way to offset W-2 income is through Real Estate Professional Status (REPS) (750+ hours) or Short-Term Rentals (STRs) (100+ hours and more time than anyone else managing the property), which allow real estate losses, including depreciation, to offset active income.A cost segregation study accelerates depreciation, generating large upfront deductions.

It’s called NextProp.AI, and it’s been a game-changer for me.

Charge the tenants a higher rent rate and include utilities with their rent.

In your case, changing the property from a rental to your primary residence constitutes a change in use.The depreciation recapture will be calculated based on the fair market value of the building at the time of conversion, not including the land value.Since you're tearing down the existing structure, the entire amount of depreciation taken over the past two years will likely be recaptured, as the building's value at conversion will effectively be zero.The recaptured amount will be taxed as ordinary income, up to a maximum rate of 25% for residential rental property (Section 1250 property).

And do you think you're the only game in town?

And then your REI income matches your W2 income the first time etcTo your question: equity is the name of the game.

Your 'cost' should include everything, from land purchase, soft costs, holding costs, and hard costs.

Does the contract include a monetary damages provision?