I also hear they may be cutting rates soon (but been hearing this for a while now and nothing).

Now it could sell for $2.1M.- Would you sell for a gross profit of $300K or keep it, with a cash flow of about $1,500 a month? 

Original price was around $270,000 but right now I would say it's worth around $390,000 for some rough numbers.  

Now I am looking to use loan programs for financing this.

Do you work with any specialty tax firms to help us small business owners get access to R&D tax credits, cost segregation, 1031 exchanges, and other specialty tax credits?

I am just now getting the ball rolling with some lenders.

I am all good now, and thank you again for the tip!

Many states have a limitation on 179 that is different from the Feds.Some have really painful rules on dealing with that bonus depreciation addbacks.You still benefit from the cost segregation study without the bonus depreciation - say your cost segregation study broke out $100k of 5 year property - now instead of spreading that out over 27.5 / 39 years, you get to take it over 5 years for your local state.You still get the bonus depreciation amount on your Federal return, regardless of what the state does.

In South West Florida, there is the SWFL REIA which in my opinion is a really good group with people that give you access to a lot of valuable information and people you can partner up with.There's also the Collier and Lee County Round table which is a lot more informal and also smaller than the one mentioned above.

In the process of trying to do a full cash out refi right now into long term non-recourse debt.