Do you purchase and maintain your own equipment and collect all revenues?

To prepare for maximizing bonus depreciation or conducting a cost segregation study, you can begin gathering detailed records of the property's assets and improvements, coordinate with a cost segregation specialist early, and consider any renovations or purchases of eligible equipment to align with tax strategies that take full advantage of the current bonus depreciation rates before they phase out.

You are better equipped the more you know.Developing a network is your best weapon.

One had a vending business and the other a computer business while going to college because school was what the PARENTS wanted.

For the past 20 years the town had put all the proceeds back into maintaining and improving the course as much as possible but had made little to no capital equipment purchases beyond the carts and the bare minimum of maintenance to the club house.

This week, we couldn't find an endodontist in our plan with the right equipment, and with a call to our health plan, they found one, and gave us the name, but 10 miles away.

@Chris Mowery I feel you man - we have a 18 month old boy that has really changed our priorities, and the way we look at money, time, and flexibility.Asset ownership is the way to go, as our economy is currently geared towards rewarding Capital (Entrepreneurs, Landlords, and Equipment owners) not Labor.

That they work to execute on your decisions, and equip you to be best empowered to make the best decisions, but never NEVER will it be 100% hand's off "no managing the managers".  

In theory, it should be possible suck up water with a wet vac and then dry quickly with booster fans and a commercial dehumidifier (we keep a set of equipment around for that purpose) before the carpet develops an odor.

This can easily run an additional $75-$150 a month for equipment, fuel/electricity and time.