It may not be here tomorrow, and taxes won't matter then.That said, if you're trying to estimate your future tax benefits, keep in mind these things:- depreciation is only applicable to rentals- depreciation starts when you place the property "in service," not when you buy it- depreciation increases your deductions and consequently your tax losses, but you may or may not be able to benefit from these losses, depending on your overall tax situation- if you do have room for additional depreciation, you may be able to amplify it with cost segregation (a separate topic) 

Or a $500K property with a rehab budget of $200K and $35K for carrying costs and an ARV of $1M.

I got a structural engineer to look at the house and he said I would need to take out the floors from the top down redoing all the floors and most of the crawlspace and that would likely cost about 20k.

I have been trying to gather as much information as possible and make sure that I don't make any costly mistakes right off the bat.

., pay off their existing loan, closing costs, and/ or put some cash in their pocket, etc)There are 2 "legs" of the transaction.

We're also getting some pretty sweet deals on new construction with closing cost incentives.

exemption there is no way to estimate a ballpark figure for UBIT?  

Hello, I currently operate a rooming house, and the insurance cost is going up every year, and it is getting ridiculous.

I am about to close on my first STR in Panama City Beach, and would like to try and get people in there for the winter months to help cover the costs and lessen the maintenance burden. 

The cost of entry is low while the cash flow is high