Third: even if your new toy qualifies for a huge depreciation deduction, your allowable deduction may be limited, and may even be zero.

If you finance conventionally you don't have that limitation, but you can set your own goal. 

It’s also helpful to know that a T-12 is essentially an income statement or P&L, which gives me a clearer sense of how to approach it.Your feedback on Yardi is interesting too—it’s good to hear that while it has its limitations, with some effort, you’ve been able to tailor the reports to suit your needs.

If the rental income doesn’t sufficiently cover the debt payments by their standards, they’ll limit the loan amount, even if the property is worth more.You could try a few alternatives:•Look for lenders who specialize in commercial real estate and have more flexible DSCR requirements.

They were required to provide proof in the form of a receipt by a certain date or I would order the cleaning and bill them.  

Take clear photos while it's vacant for marketing now and future.Provide a win/win renewal rate and lease length to keep the good tenants in their homes to a more advantageous end date. 

The 1% rule does not consider the condition of the property and is very limited. 

Still, considering how difficult it is to find a good real estate focused accountant, limiting your search to local providers usually gives you too few options.Expand your search to include remote CPAs.

Does it begin from the date of the auction, or the date the judge approved the sale.

Investment Info:
Large multi-family (5+ units) commercial investment investment.

Purchase price: $420,000

Cash invested: $195,000

2023 Purchase Price - $420,000
Renovation Cost - $165,000
2024 Re...