Factor in all your expenses such as property taxes, insurance, repairs, maintenance, repairs and potential rents. 2.

Remember Each City website has a place where you can look up the tax record make sure you take a look at that before you make any decisions, It can give you insights in to the Flood zones, HPC zone, ETC.  

This can result in higher depreciation deductions in the earlier years of ownership, providing tax savings.Tax Situation: Consider your tax bracket and the impact of increased depreciation deductions on your tax liability.

We took the depreciation on our personal tax return in 2022.

Far too many taxpayers draw up their tax return in their head without a real plan.

Are you planning to do a 1031 exchange or a trust deed to avoid/ minimize the property gain tax?

Then ask why the property tax rates for hotels on Maui hasn't increased in over two years, yet they continue to raise it for STR's as well as non-owner occupied residential properties.

Alternatively, you can use the fair market value of the home at the time of conversion"Keep in mind, you will probably want to talk to a tax professional to go over all the consequences. 

IRS SS-4 FORM: When you first sign up for your Tax ID number, you’ll get a letter stating what your Tax ID number is.

Pick a color or pattern that hides things well.Knobs/pulls: look for something that can't catch on clothing.Paint: avoid bold, dark colors.