In our market it is important to make sure they are a licensed broker, carry adequate GL and worker's comp (and name you as additional insured).  

Additionally, the study must be completed by “qualified individuals” and “professional firms” that are competent in construction, design, auditing and estimation procedures for building construction.So while a specific methodology isn’t required by the IRS, taxpayers must ensure that their depreciation deductions and classifications of property are substantiated with supporting evidence.

I have added new electric service, all new plumbing, an additional bathroom, remodeled Kitchen all the way down to the studs, new carpet on the second floor, and new LVP on the first floor.

For the additional features we need that STR apps don't provide, we do the following.esignatures.io for lease signingKeyCheck for background checksOtherwise everything I need is covered by Hostfully, Breezeway, VR Platform, and a few other apps

Stock market returns have been good and I don’t have the headaches of dealing with any additional houses or guests.

I was interested in something like owning a rental property as a way to generate some additional income. 

The only time we need additional information is if they are denied.Once accepted, we tell them exactly what we need from them to move in. 

I'm terrified enough of doing this out of state, so I am not interested in additional complexities with BRRRR.

In addition to cheaper prices through Minoan, they set up a site for your property with affiliate links in it. 

Recapture typically happens only when you sell the property.If you use the property partly for personal use and partly as a rental in a given year, depreciation and other expenses must be prorated based on the number of days it was rented versus personal useBased on the current tax laws and regulations, once you've taken bonus depreciation on an asset, you cannot "capture" additional bonus depreciation on that same asset in future years, even if the rates increase.In the 2024 tax year, the rate for bonus depreciation is 60%.