They make a living by doing quality work, completing projects on time, and sometimes surpassing expectation.

This may inherently allow an allowable offset of PAL, when ordinarily the cost seg depreciation would be subject to some possible suspensions.Three things to be HIGHLY aware of if one pursues this route.One - he did note he has $0 of tax basis in the S-Corp. 

The cities here in Coachella Valley must employ some high-tech IT peeps because they troll for bad actors, find them with AI and other tools, and fine them $5,000.

If you're not currently listening to books educating yourself, I'd start today.A few I'd highly recommend...Buy, Rehab, Rent, Refinance, Repeat - The BRRRR Rental Property Investment Strategy Made SimpleFLIP - How to Find, Fix, and Sell Houses for ProfitThe Book on Flipping Houses How to Buy, Rehab, and Resell Residential PropertiesThis book is not currently available on Audible but a must readThe Book on Estimating Rehab Costs - J Scott

When interest rates are peak high I started my first investment and was able to cash flow !!

Rates will be in the high 11s-12.5% Range 

I highly valued the first traveling medical professional who passed all our vetting processes.

Today though, we are in a high priced environment with expensive money.  

In my market quality farmland sells for about $12-15k per acre.

At this point I will have pick up about $450K in appreciation after sales costs, but that is before taxes and I am in a high bracket.