Section 179 of the Internal Revenue Code allows businesses to deduct the full purchase price of qualifying equipment and software up to an annual limit.In 2024, for example, taxpayers can expense up to $1,220,000 of qualified assets.This election can apply to many types of tangible personal property, such as machinery, equipment, and off-the-shelf software, which are used predominantly in your business.Limits on Section 179 ExpensingAs attractive as Section 179 may seem, there are limits.For tax year 2024, the maximum investment limit is set at $3,050,000.If your business places more than this amount in service, the amount you can expense is reduced dollar-for-dollar over this threshold.In addition to the dollar and investment limits, the amount of your Section 179 deduction cannot exceed your taxable business income for the year.This means that even if your business invests heavily in qualified property, the deduction could be limited by the business’s profitability.Also, not all property qualifies for Section 179.Real property, like buildings and structural components, generally does not qualify unless it is "qualified improvement property."

I have found Memphis to be a little too pricey to consistently cash flow now though.

I think I can get a policy online with the other requirements, but this waiver seems to be more difficult to find.

If not, then 2 things come to mind:1) you should not give the impression you are associated with BiggerPockets.2) this is advertising/self-promotion that should be in the Classifieds...Thought I'd share that before a Moderator chimes in......My 2 cents,Mike

Annual savings is $2797 and lifetime savings of $84KIf you kept making your same mortgage payment, you would be paid off in 24 years.

@Larry Caper - sounds like you've built an incredible education foundation. well done!

This would be $291 per month. 

Being on an H1B, am I allowed to take these incentives.

If you have a 12-month history of the property's performance, you may be able to get some wiggle room with more local banks for it.One thing that may impact the lender's ability to lend could be the Debt Service Coverage Ratio (DSCR), but as long as the property cash flows well then that shouldn't be an issue. 

On paper a property can look great yet be a bad investment.