What a lot of people think:Bonus depreciation is only for new properties or acquisitions.The truth:You can retroactively apply bonus depreciation to property placed in service after September 27, 2017, when the Tax Cuts and Jobs Act passed changing various rules.The IRS allows you to claim missed depreciation deductions by adjusting your current year's tax return, without needing to amend the previous year's returns.This is typically done through a change in accounting method using IRS Form 3115.

What methods are you finding most effective, or what are you hoping to try?

What methods are working best for you? 

But, who knows.Interested to see if there are other methods, but I'm skeptical for sure.

Over the past three years, I've been using most of the major off-market techniques.A standout method is always pulling data and feeding it into a call center to generate off-market leads.

Over the past three years, I’ve been using most of the major off-market techniques.Of all the methods, texting has been a double-edged sword.

Would love to learn more about your verification methods, as it’s always good to hear different approaches

If you don’t think it’s a good method, then don’t do it.

With more than one unit, the biggest difference is that you have tenants complaining about each other and the property picks up more of the maintenance, like lawn mowing.There is a huge difference when you get to 5+ units as those are valued using the income method. 

ONce you put a rental on your return and it has an accounting method in place, you can't go back and change it.