It’s essential to feel confident in your decision, and I’d like to address some of the points you’ve raised.Transparency and SupportTraining and Support: Our training is designed to provide comprehensive support and education to help you succeed in real estate investing.

Consulting with a pest control and mold remediation professional could give you a clearer idea of the potential scope and cost before making a decision.

DECISIONS:  Will there be a majority owner? 

While the "type" of neighborhood can sometimes make tenant approval criteria a little more flexible, we always try to avoid making desperate decisions that could lead to future evictions.The rise in evictions that you're seeing could be partly due to landlords lowering their standards to fill units quickly, which might lead to issues down the road with tenants who can't pay rent consistently or have a history of instability.

Owner-occupied transactions are mostly emotional decision based.Investors should check emotions at the door and only make business based decisions.What does that mean in practice?

Incorrectly treating a property as passive may benefit you and the IRS will absolutely change this under audit (several cases on this).6) No Tax Court Cases Exist? 

This fast turnaround highlighted our ability to identify profitable opportunities and act decisively, creating value with minimal holding time.

@Matthew Platon - I think there are a lot of unforeseen factors that could affect my decision.

Examples of qualified improvement property include improvements made to the interior of nonresidential real property, such as HVAC systems or alarm and security systems.We refrain from making direct recommendations on Section 179 because we believe this decision is best made by the CPA, who completely understands the client’s overall tax situation.The decision to elect Section 179 is deeply tied to broader tax implications, including other deductions, income limitations, and future business planning.Your CPA has a holistic view of your finances and can help you make the right choice.TLDR:* Section 179 is a powerful tool for business owners and real estate investors, allowing immediate expensing of qualifying assets in the year they are placed in service.* Annual limits apply to how much can be expensed, with the 2024 cap set at $1,220,000, and investment limits that start to phase out when more than $3,050,000 of property is placed in service.* Not all property qualifies for Section 179.

You don't want to serve a notice incorrectly and then go to court for eviction only to find out you did something wrong and now the whole process has to start over again.