If possible, please reach out with any advice, tips or direction.

Finally, consult with a CPA and have them review your situation, plus ask for a recommendation on whether to do a cost seg and which cost seg company they recommend.For a property placed in service in 2024, 60% of the value of personal property and land improvements identified in the cost seg will be bonus depreciated in the first year. 

Keep things tidy, keep track of your work, and ask for tips from guides and other people in the field.

Our goal is to subdivide while in the county in order to build a regular single family home on parcel (A). 

Careful timing and classification as either improvements or repairs can increase your deductions.Bonus DepreciationUtilizing this strategy, you are allowed to deduct a portion of the cost of certain qualifying assets with useful lives of less than 20 years in the year that you place them into service.

Evan I will not invest in a sponsor that I see either on instagram in the shiny new home, fancy cars etc. or acts as an influencer with all these training programs.

I have grown my AirBnb's into a handful Guest Favorites and rank in the top 5% and I'm always improving.

These situations are always tough but if you are improving the property, I think you have every right to increase the rent. 

Some states do this, for example SC does this but allows the prior home owner to apply to receive the overage.

Has anyone worked with Lexington Home Loans based in Cali?