This is not legal or tax advice.

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck. 

This was our families initial home purchase after renting for a number of years.

As mentioned in the initial post, I am still new to all this so any insights help!

By the way, the tenant should be charged for this as part of "cleaning and repairs." 

As others have mentioned, you will be able to take bonus depreciation, for certain assets, which won't be pro-rated.When you get the cost segregation study, it will break down the home into several buckets39 year property, 15 year property, 7 year property, 5 year property and land.The remaining assets will be pro-rated when it is placed into service.For example, a building placed into service in January will have a higher depreciation expense than the same building placed into service in November.Best of luck.

It looks like they are focus on the Detroit market.

Hello everyone.I've seen many investors using this website and it actually seems very useful and accurate.The issue is that their subscription is very expensive (for me) and I'd like to know if someone if familiar with a shared account of a promo code that I can use.?

Hey @Isadore Nelson - I'd bet my life savings on the fact that there's multiple reasons why other investors haven't scooped this up yet. 

Good morning from the east coast, actively looking for a good SMS platform?