How do you work on the terms with your preferred realtor?

The 1250 property (think real property and straight-line depreciation) is recaptured at a max of 25%.

There is a great group of members on here to connect with.

While this is all going on, what research have you done to compare LTR and STR options?

@Hai LocTruthfully I think Hamilton is great, however I’d need to use one unit for my mother... who isn’t too keen on Hamilton.

I live on long island and run a landscape business here right now. 

& different parts of the asset can be depreciated on different schedules.To find out the useful lifespan of each component, you do a cost segregation study to analyze all of the parts.The raw land can't be depreciated so you start by giving that a value first.But other items can be depreciated on a quicker timeline.A roof, road, sidewalk, fencing, walls, gates, doors, latches, flooring, air conditioners, pavers, curbing, landscaping, etc.The IRS has a depreciation schedule for each type.Some parts are 5 yrs.

This is most of what is done, and discussed, here on this platform.

And keep an eye on what’s happening in the market, so you’re prepared when the time comes.House hacking is a fantastic way to start building wealth.

It's the earliest recorded active lien according to the recorders documents and is showing up as the 1st on PropertyRadar.