They all have software and it just generates a Schedule E.You could hire someone who specializes in Bonus Depreciation.

I've created a 6 months to property schedule for myself and today's task are to use BP forums to ID Pros in my area, read from the book "ABCs of REI", and write about how REI aligns with my life goals so I can check the first one off the list.

@Yusef PresleyI would avoid paying contractors hourly and make sure there is a construction draw schedule in the contract that clearly outlines when funds will be dispersed to the contractor throughout the project instead of one lump sum payment.

The goal is to opt into as many broker sites/lists as possible, so they start sending you OMs, and you can start underwriting deals.Then, you can start scheduling tours on some of these deals.

This is the stage of the process where your lender can issue your loan docs out to escrow/title/settlement and these folks can schedule your signing for closing.Before it can reach CTC you'll need to make sure all income/assets/credit remain the same so that means no changes to your credit that are bad or adverse, no job or income changes ideally, and hopefully those funds you've set aside to close with are still "there," so we can keep this closing on track.If you had any questions left feel free to fire them off.

Pre-rental taxes can be an itemized personal deduction (Schedule A) if you don’t exceed the $10,000 state and local tax limit.Expenses incurred to get the property ready for rental, but before it is actually available for rent could be added under startup cost and can deduct up to$5,000 in the first year, if total start-up costs are $50,000 or less. 

Since the HVAC includes heating, I also needed to pay for a heat pump permit, bringing the total to $290.I scheduled a virtual inspection for this morning.

Schedule a detailed walkthrough of your properties with you and your manager and a home inspector. 

Insufficient reserves result in vendor bills piling up, value-add strategies running behind schedule, and returns being reduced, so it's important to have a clear picture about how well capitalized or undercapitalized a deal is so that you can truly assess the risk.

Attend events, schedule dinners, and actively connect with individuals who align with your investment goals.