Before she visited she was giving me comps of $61/sqft and after she visited her estimate decreased by $60k down to equivalent of $24/sqft.

But in short, you need to be doing real estate for half of your income producing business or trade, so you almost need to be a full time investor and/or real estate agent (amongst other criteria)I don’t know what your goals are for investment, but just remember if you try to take all the losses up front to decrease your taxes now, you effectively “pay for it later” unless you are able to defer, such as 1031 exchange.You should find a good tax professional to help you through this planning

You could consider it because it decreases your risk of them moving out early.

From 2010 to 2019 the population in Bloomington Indiana increased by 6.8%, but from 2019 to 2020 the population in Bloomington decreased by 5.8%.

Oh by the way, I believe the liability protection of the LLC is decreased is the mortgage isn’t held/given by the LLC.

@Amalfi Duran it sounds like you trying to get something from nothing if it is a mistake on your end look at other options offer them a decrease in rent, offer to put down 1k of the down payment when they go buy a house, there are many options I would be creative and chalk this up as a lesson learned to get it in writing by the tenant first.

The goal of estate planning, as I understand it, is to avoid probate court, decrease tax liability and allow for a smooth transition as indicated by your succession plan. 

It's a mostly Section 8 market, but Shirley/Mastic marks the point where the taxes decrease by about 50% from even one town over, making B&H more palatable.

5) Consideration would need to be given to the fact that bonus depreciation decreases from 100% to 80% from 2022 to 2023.6) Are you a real estate professional and/or is the next property going to be used as a short-term rental?

A few major end results from RBTR Method:*Established savings fund for home repairs and other unexpected expenses *Shaved off 8 years of my loan term with extra payments to principal balance and a refinancing *Updated/Remodeled about 70% of entire interior, both floors*Yes, my property has had a substantial appreciation since purchase (a bit more than double)Granted, my hacking end game was to decrease my cost of living expenses whilst my equity sprouted and grew.