And your follow-up questions are no exception.If you place it in service in 2024 but do not meet material participation - you can still claim bonus depreciation but it will be locked up and will not be useful as an offset for your W2.

My mistake was locking in the 30K for the furnishing and construction to make into a “better” STR property.

Do you focus on building relationships with a few reliable lenders, or do you keep your list broad?

This is the best most reliable masterclass you could EVER take.

Without that existing network, I’d find out-of-state management much more challenging, and I generally wouldn’t advise OOS management for new investors who don’t have reliable local contacts.Currently, I’m in the process of transitioning my properties to a local property manager.

Do you think it is a reasonable and reliable appraisal.

If you need a reliable roofing contact, let me know—I’d be happy to recommend someone.Your agent should have negotiated a clear possession date that accounts for the seller needing extra time to move.

A solid financial backing demonstrates reliability, making sellers more likely to accept offers from these investors over others.As fix-and-flip investors build a reputation for professionalism and success, they can expand their operations and take on more significant projects.

My flaw was failing to appreciate the rate cap lock and short timing.  

I understand that I need to either rekey the house or change the locks out completely.