I’m buying a piece of land that has had a house on it before (it burned down) and currently has an old mobile home, on the other side of the property, that I’ll have to removeFor those who’ve purchased land, what would you do before close?

My current project is to remodel two buildings in a commercial shopping center in Wimberly, Texas. 

Currently renting it out for a 2400$ profit yearly Lessons learned?

Also factor in whatever tax benefits there may be in the new investment vs what you have now.As another poster suggested, are your tenants currently paying market rents?

A cost segregation will not classify the whole building as 5 year.It will classify some as 39 year, 15 year, 7 year, 5 year and 0 year.The items classified as 15, 7 and 5 year will be eligible for bonus depreciation.Since bonus depreciation is currently 60% for 2024, you will still be depreciation some of the remaining depreciable assets over the next 15, 7 and 5 years.A majority of the building will still be classified as 39 years which still gives you a good amount of depreciation into the future.

About 90% of the owners in my current portfolio are out of state.

This is proof of what they are actually paying and the current owners are not fluffing the books to make the assets more valuable.

Anyone have any current updates on WWC?

Realtor.com will reflect what properties are currently being listed for now.

If the sales price is $850k you will need significant down payment to carry the DSCR loan on $5300 current rents...check in with @Joseph Chiofalo  as DSCR loans 5+ units are typically a bit more difficult to place as well.