Certainly appliances and fixtures and as far as I understand, other improvements. 7) Regarding a cost segregation study, given my property purchase of 2021 and in-service date of 2022, am I correct in thinking I could still have a study done and use 100% bonus depreciation for 2022?

You may also be required to show 12 months reserves + the downpayment and closing costs.

What happens if a property does not sell and carrying costs exceed all costs? 

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

The attorney costs $4,000.

Bonus depreciation allows you to deduct a significant portion of the cost of qualifying property in the year it's placed in service.

It took me about three years, after improving the units, raising the rents yearly and reducing my costs, to break even.

Some will be free...and some will cost. 

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

As a specialized real estate CPA, I'm here to provide expert guidance on your most complex tax matters, from navigating 1031 exchanges and cost segregation studies to optimizing your rental property deductions and handling multi-entity structures.