I question if there is any benefit to creating a LLC now and opening the bank account in the LLC name.

My first question is that can I do a cost seg next year, when she qualifies for REPS (as she doesn’t qualify now), and use that depreciation for my W2 income in the second year of us renting the property?

There are three main requirements for REPS: 1) 750 hour rule 2) Greater than half of professional time rule3) Material participationHere’s a great article that walks through the necessities for your spouse to obtain REPS status.Do you have questions on the ways to benefit from a cost segregation study without personally obtaining REPS status?

Feel free to message me if you have any questions.

Happy to try and help with any questions or find solutions to make things simpler :) 

All things considered, leasing to Section 8 can yield consistent and steady income, but it also necessitates cautious thought and oversight.Please feel free to reach out to me directly if you want to move forward with this or if you have any other questions.

Another question I have is your future tenant going to be a section 8 tenant?

Hi I'm chris, I hope this isn't a redundant question.

You can literally find answers to all of your questions within the confines of this site.

Feel free to reach out if you have any questions, or if you just want to discuss/collaborate.