Amazing how much the Buffalo market has changed, of course the politics and taxes havent and wont, why I moved to central Florida 4 years ago. 

Feel free to message me and I look forward to connecting with you all!

Someone I know bought a ranch to use as a short term rental property in 2021 for $1.7 million.Engineers did a virtual site visit, they were able to assign a value of $347,000 to either 5-7-15 year assets that were eligible for depreciation.In 2021, the bonus depreciation amount that you could take was 100%.This means that the owner could immediately deduct the full amount of eligible property in the year it was placed in service, rather than depreciating it over time.With that in mind, he took the full $347K deduction in his FIRST YEAR of ownership to offset taxable income from rentals.This was roughly ~20% of his purchase price.It was a big win for him.In 2024, the bonus depreciation rate is 60% so the calculation would be different.That said, you can still save and defer a ton.

We were interested in learning how to develop proper systems.

@Andrew Frishman - here is some food for thought to get you started: https://www.biggerpockets.com/member-blogs/11782/84402-how-to-evaluate-a-sponsor Feel free to DM me with any specific questions, I have invested in multiple deals as a LP and as a GP.

Since I don't have anything else to compare, and the purchase price has been locked, it could make sense to wait for now...

Should we wait to put in our offer?? 

Alright y'all, I've listened to podcasts and read books for long enough.

I think you'll have to sign an affidavit stating you plan to occupy it. 

San Diego, to me, seems like a market that still has a lot of upside due to the building constraints in the area, the desirability, and the strong economy.