As a result, I’m uncertain if any of the properties have illegal additions or modifications.

They can depend on the person and the property along with a multitude of other factors.

What is your process at end of year and timing for providing k-1’s2.

I don’t have a lot of these details so I can’t provide much help hereIf it’s a long-term rental (27.5 years).You can’t start depreciating the property until it is “Placed in service”.

We purchased a property in early October and are placing it in service this week (mid November).We had intended to run a cost segregation study and try to accelerate depreciation which we can deduct against our W2 (assuming material participation).However, we have been reading through the IRS guidelines (eg publication 946 on Property Depreciation) and there seems to be the concept of "short year" which would mean that we can only deduct ~1.5/12 of a year's worth of depreciation in 2024.Is this correct or are there any different rules for STRs specifically?

Is it to protect you in case of a lawsuit? 

Are there any tips, tricks, or guides for turning on utilities after close of escrow and possession?

Perhaps there is a reason I'm not aware of?

SHORT THE DOLLAR Both candidates, Trump AND Harris are inflationary... in their own way of course, but I don't care.They and the majority of congress are under a "deficits don't matter" regime.How do I short the dollar?

nice job I grew up flipping land I love that play still fund land flippers to this day is a niche of lending that I have carved out..