The tax advantages of buying/holding gas stations are pretty great.Many of the components of gas stations including pumps, tanks, external parking areas, and other equipment are classified as either 5 or 15 year property so you can bonus depreciate a lot of it (minus the land value) and get significant deductions in year 1.With the 2025 bonus depreciation rate at 40%, a $1 million gas station acquisition could still lead to $100K+ in year 1 deductions depending on the specifics of your deal.

Did the contract you signed have any specific timelines on it at all regarding how fast we can get to you?

I’d like to ask a couple questions about one specific property I purchased Monday. 

Do you have any specific criteria or strategies that you find particularly effective? 

You need to provide a bit more specifics about the property, about the insights you want, etc.  

I am just starting out with a STR and found that VRBO is not very specific if they are collecting the tax and paying it to the State as a marketplace facilitator or am I responsible for this tax collection and payment ?

If you have specific questions about property management, I'll be happy to help!

@Aishan Gonaduwage what specifically have you read, and how OLD was it, about Detroit being on the decline?

Are there specific factors you look for in an area to make sure it’s a good fit for this type of rental setup?

Be specific about what you want to achieve and whether a coach can help you get there.Can I afford it?