It also has to be about quality of life.

Interest rates are really high compared to those of recent years.

We own our primary, own a STR internationally, 3 commercial buildings, and a 4-unit apartment building - so we are highly familiar with real estate but here's a new conundrum.

Look for properties in areas with high rental demand to maximize your potential income.Renovation: Invest in renovating the basement to make it suitable for tenants.

It's essential to understand the extent of the damage and the quality of the repairs.- Structural Integrity: The main concern is whether the fire compromised the house's structure and whether repairs were cosmetic or structural.

@Mitch Naghipour I use FreedomSkips.com same high quality data as Batch, NeedtoSkip, and SkipGenie without the high prices.

The purchase price is $410K.Should I go for 15%, 20% or 25% down payment, taking the current high interest rate situation into consideration?

@Hassan Ghamlouche I use FreedomSkips.com same high quality data as Batch, NeedtoSkip, and SkipGenie without the high prices.

Obviously the quality of the tenant isparamount .

Therefore the property types that are the most favorable to generate bonus depreciation will be those with a high degree of what the tax code refers to as "land improvements".