Knows a lot about it.

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.

I am trying to get a quote from Mercury for our sister home not rental but Mercury seems to deny it because the home is old built in 1969 in Elk Grove, CA.

To do that, I was intending to sell some stock (75k to completely pay of home 1). 

Yes, it may go by the income approach but depending on your area, the comp approach may also be factored in. 

But for land, it's not like that in most cases. 

Kindly check your inbox.

That is what you focus on.Focus on your dream.

OR we could do it as an owner occupant for the GC business to where the self storage units would pay for our mortgage. 

You can easily do this on a spreadsheet, and it will take less time to track than finding and learning new software.