This lets you claim the previously missed depreciation all at once on your current return, using a Section 481(a) adjustment.

In 2024, it is 60%.You may also have an option of applying a different method (Section 179) that can give you 100% on some of the cost segregated components, but this has its own drawbacks and complications, so it needs to be discussed with your accountant beforehand.Also, have your accountant estimate your potential tax savings before ordering cost seg.

At last you can reach out to you county and get a section 8 tenants.

Not land trusts, not LLCs, not living trusts, not “divided” interests, and not quoting repealed section of the St Germain Act will work.  

I'm not saying to cut corners, just prioritize based on the list and go from there.

Hi BP community,We currently own several Section 8 rental homes in Chicago, Markham, and Country Club Hills, IL, all managed by the same property management company.

See the chart from Fair Isaac Company (FICO) below: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% Source: Fair Isaac CompanyAccording to this chart, investors should use corresponding vacancy+tenant-nonperformance factors of approximately 5% for Class A rentals, 10% for Class B and 20% for Class C.To address Class C payment challenges, many industry "experts" are now selling programs to newbie investors about how Section 8 tenants are the cure.

You should put this in the classifieds section. 

The city's relatively lower entry costs compared to other East Coast cities make it appealing to investors especially section 8.

A lot of options around the area with STR / MTR, traditional long-term rentals, or section 8.