Additionally, it can help maximize renovations and improvements.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.

I am undecided on if I long, medium-, or short-term rental is the best for me.

On REOs, HUDs, VAs and other you can get inside but most of the time the utilities are shut off, and heat has been off for a long time at least one winter, in some cases more than one winter and are possible freeze damage to water pipes, hot water heat pipes and even boilers/hotwater heaters. 

You can work on ignorance only so long before it breaks you into little pieces.7.

We leveraged our expertise in property evaluation and market analysis to secure the deal at a favorable price of $93,000, ensuring both parties were satisfied with the terms and conditions.

As long as your kitchen and bathrooms are in good condition and functional, there’s no significant ROI in fully renovating them.

The government is the one providing the tax benefits, so therefore the government is allowed to set the terms of it.  

This will make things easier for the tenant and myself, especially if I decide to furnish a few units as short-term rentals. 

Impact on Market Dynamics: Do you think these changes will affect the overall market dynamics, particularly in terms of listings and buyer activity?

First unit lease is up for renewal on 10/31/2024 and has a good long term tenant.