The tenant vacated last month after staying there for a little over two years.

@Jonathan GreeneAgree 100%. be transparent and if good news great - bad news - still share it with investors - realize they are making life choices based on what they may be telling you as an example of someone has $100k investment and you fear it’s going to go to foreclosure - well maybe they would not spend $10k on that vacation or buy a new home knowing they are getting wiped outUnfortunately there is a group of guru syndicators who are great marketers / sales which some I have personally spoken with and they are so full of it and just like to hear their voice their ego gets in the way.

Over-extending yourself is a path to disaster.

What a lot of people suggest doing is going for the highest value spending the least amount of money possible.

The biggest concern they are having is over dramatically increasing costs...not so much with rate, but with items like taxes and insurance.

A cost segregation will not classify the whole building as 5 year.It will classify some as 39 year, 15 year, 7 year, 5 year and 0 year.The items classified as 15, 7 and 5 year will be eligible for bonus depreciation.Since bonus depreciation is currently 60% for 2024, you will still be depreciation some of the remaining depreciable assets over the next 15, 7 and 5 years.A majority of the building will still be classified as 39 years which still gives you a good amount of depreciation into the future.

I’ve just accepted it over the years and come to the conclusion that the nominal amount I spend on legitimate business meals is ok to take as a loss.

I purchased my first property in Tampa in 2019, and it has been a long-term rental over the past year.I am currently looking for my next property, which I want to be a BRRRR/house hack.

You can often talk to them before you take over the property to see if they would like to extend or vacate upon a change of ownership.

Ultimately, does anyone really ever set out to do real estate as a minor part of their life's ambitions and succeed in it as a side hustle that they spend a carefully limited amount of their time and energy on?