Louis Housing Authority or tips for streamlining the inspection and approval process?

Additionally, high-income earners with modified adjusted gross income (MAGI) over $250,000 (married filing jointly) may be subject to the 3.8% Net Investment Income Tax (NIIT).For 2025, bonus depreciation is at 40%, so consider leveraging it for eligible property assets like appliances or fixtures to accelerate deductions.

@Roger D Jones and @Dominic Mazzarella hit it on the head: try seller financing first and see what his cash flow needs are and/or if you can reduce his CG taxes. 

The information provided is based on my experience and industry knowledge but should not be considered legal, tax, or financial advice.

You may be able to deduct mortgage interest and property taxes before the property is in service. 

There are rentals, fix and flippers, lenders, tax liens, note investors, STR, commercial etc.

Taxes: Be aware of potential transfer or capital gains taxes, depending on your state.4.

From a tax perspective, you'll want to take what you paid for the property plus calculate the improvements you made to the property during your time of ownership.

Malibu allows it but requires a 15% "hotel tax" on the gross revenue.I would recommend looking out of state or underwrite the property as a long term rental in the event laws change.

If you have siblings on the deed, that starting number from an appraisal is one you will need for tax purposes going forward.