Its already bringing in quite a high rental income in Lincoln Park, so I dont think MTR would bring in so much more.

Higher income or credit requirements?

Can I claim bonus depreciation for the property purchased in 2023 against W2 income in 2024?

A Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.

If you- own a short term rental in your name- have a mortgage on that property - self manage Do you still create a LLC to manage your rental business or do you manage it under your name and then file income and expenses as part of your tax filing?

Send me the address of the property and the existing rental income.

They will however produce significant income for the lawyers who filed these suits.

You mention airbnb in your title.You want to work with a professional who understands whether a rental that is listed on airbnb is considered active or passive.if it is passive, there might be opportunities to generate paper-losses in the first year to offset your other income such as wages, interest, dividends, etc.

Sec.8 Tenants can't  - they have to wait for the housing authority to be approved.BTW, I never discriminate against a source of income.

I will say having that passive income is tempting but it would come at the cost of doing a full blown condo conversion to free up the capital.Anyways, am I thinking about this right?