Bonus points if you work with a HML that also has the refinance/long term hold product built in. * Are you certain this is something you can raise the value of after fixing it up, enough to be around 70% of the ARV?

I would ask other tenants if they know anyone and offer a referral bonus.

In 2022 we did a cost segregation study to capture a massive amount of depreciation on multiple properties, so there's a lot of bonus depreciation to be taken.

I was adding any large commissions, bonuses, etc towards the principal.

Large rec room off kitchen is a bonus.

@Luke Tetreault we pay ourselves a "reasonable" monthly base salary and toward the end of the year I see how much money is leftover and then make those final paychecks "bonus" - with appropriate taxes withheld and additional monies paid into the SEP.

An added bonus is connecting your Quickbooks to it because then you truly get the entire picture of your business once you get that financial data tied in!

In many ways, thats you paying an incentive bonus for a pm to get good, long term tenants....if the model calls for a big fee (1 month) with a new lease and little to none on a renewal you are potentially at cross purposes.

Tax deductions are NOT a reason to get into REI, they are a bonus.6 - Good deals don't just make sense/cents, they make dollars. 

The appreciation is a bonus if it happens but the cash flow stands on it's own from the start.