Anybody have insights on NC investing areas?

Someone I know bought a ranch to use as a short term rental property in 2021 for $1.7 million.Engineers did a virtual site visit, they were able to assign a value of $347,000 to either 5-7-15 year assets that were eligible for depreciation.In 2021, the bonus depreciation amount that you could take was 100%.This means that the owner could immediately deduct the full amount of eligible property in the year it was placed in service, rather than depreciating it over time.With that in mind, he took the full $347K deduction in his FIRST YEAR of ownership to offset taxable income from rentals.This was roughly ~20% of his purchase price.It was a big win for him.In 2024, the bonus depreciation rate is 60% so the calculation would be different.That said, you can still save and defer a ton.

Quote from @Zach Edelman: Why is this better than just paying off your entire balance before the statement closing date?

Have you ever had a pet cause more damage than the fees you've collected?

Hope you have had a chance to dig in on this website, a lot of great people, investors and overall a great resource to use!  

I know this can be expensive.  

Quote from @Bryan Devitt: They want to take on the hell that can be taking in foster kids and you're asking if you can squeeze more money out of them?

Are you looking for your first property or do you already own a unit or more?

JamesYou do not state if this is for a rental or owner occupied.    

But before we go through to put together something more specific on the property so he can see all the numbers.