Here is a framework to think about how buying properties creates the most tax efficiency for you.The 6 levers of depreciation:Lever 1 - % of LandOne of the components of a property is land.Land is NOT DEDUCTIBLE, so low value land properties mean more tax deduction.A value of your overall purchase will be assigned to the land or lot.You receive no near-term tax benefits for buying land.For example - If you buy a $2 MM industrial building outside a rural town on 5 acres, the land value could be $5k an acre.

An opportunity fell on my lap, I have purchased a multifamily unit from my uncle on a seller finance deal and plan to BRRRR it and keep it long term.

This property in particular had some additional unforeseen costs (main water line damage, sewer line damage, etc.) that certainly caused us to go way over budget.

We relocated to Jacksonville in 2020 to focus on our investing and helping other out of state investors purchase and manage their rentals.

Hello all, I'm curious how much the HUD will actually pay compared to the 40th percentile rents posted on their site.I'm aware of the different amounts each tenant will cover in terms of their portion of the rent, but I'm not sure if the HUD will actually agree to my rent price.I've been taking the stated FMR for the bedroom count, and taking 20% off the number stated (to be conservative as to what the HUD will accept). 

Quote from @Treasure Soe: Would anyone like to share their thoughts on the effectiveness of cold calling, Facebook ads, and virtual driving for dollars in obtaining off-market deals? 

Look at the positive side because that alone will likely save you from dealing with some headaches other landlords do. 2.

Towns/cities hate them because there are no proprety taxes yet they chew up services for things like more school kids, etc.I'm sure there are deals to be had out there in parks for people that are looking. 

Hey guys, I personally set up my partner and I's LLC online in about 30 minutes, without the use of a lawyer.

This is my first time making a post on Bigger Pockets so bear with me.