If you proceed without any adjustments, the following will be true: - 50% of your potential depreciation recapture will be recognized immediately and become taxable in the year of sale

I'm soon to be leasing the PA farmland to a solar company on a long-term lease (more yearly than my W2 job, and 3% escalator, compounding).With such an advantageous situation in PA, I want to be able to maximize my potential.

You have become an insurance company, only you didn't get a just premium.The potential of rent forfeiture is part of the business in reserving a vacation home, and everyone knows this going in.

@Alex Jacobs the more bedrooms the more potential income.DPA programs though, are usually limited to single unit homes.

I had a ton of traction from potential tenants this past week, a total of 6 showings all with promising folks.I have done simple pre-tour screenings to see if these people are worth my time and they are.

It is a fine line, thats what i'm trying to figure out how to navigate without crossing that, but also not pushing the potential seller completely away if possible. 

Although these items are eligible for tax deductions, I overlooked this aspect when filing my taxes last year.Now that it's 2024, I'm wondering if it's possible to file an amended return to potentially recoup some money from the IRS.

Finally, start hitting some meetups if you can to pick people's brains, find potential deals, learn what about areas you don't know, etc.Best of luck!

. - I can't speak for other Midwest states but in Indianapolis metro area, my property taxes are pretty high 2.77 and 2.78% and the taxes go up with no limit (17% with my last assessment).

Someone to potentially front the down payment or work on some sort of equity deal.