Here’s how it can help if you currently own residential real estate:Improve Cash Flow – By taking advantage of accelerated depreciation, you can claim additional deductions in the early years of your property, boosting your cash flow.

Let me know, as I am struggling with what to do in our current market.  

I focus on buy and hold, and currently own three rental properties in Albany so far. 

My degree may not be my passion, but I know it will provide an income that I can leverage into something else (I've already started working).Currently, I am living in a home owned by a relative, and my rent is impressively discounted.

Amount of current mortgage principal balance2.

I am reaching out for guidance if this will create any tax consequences for the current year?

Repairs on this AC will get more expensiveOn the other hand, there are new units that are going to be about 25-35% more than this current system. 

I currently have a site plan, rough drawings & have architects, contractors & planners working through this process. 

Praise the good attributes of the home but respectfully express your concern for the current condition and ask if there is some help you can offer.

The risks will be lower and the return will probably be lower as well.