I would greatly appreciate your input on this matter.Here is my setupPurchased property under a TrustLLC in FL owns the TrustHolding company LLC in WY owns LLC in FLI purchased the property sub-to, took over the seller's mortgage and I’m working on setting up insurance for the property.I understand I need to keep the seller as additionally insured in my insurance, but the seller no longer has "interest" (ownership) either in the Trust, nor any of the LLCs nor in the Deed nor Settlement Statement.

You came to the right place to learn more about real estate investing!

On this Veterans Day, we pause to remember and honor those who have selflessly served to protect our freedoms.

My partner was getting it and we are told we have to pay for an inspection.  

Easy to install and quick.

Were you looking to acquire more homes for that specific property? 

However, hours cannot be combined between spouses to meet the 750-hour requirement.4.

Last one was a big STR that I bought, refinancing houses I’d held for some time to get the down payment.

Imagine you bought a property for $2M.The land (excluding any structures) is valued at $400K.Since land is not depreciable in the eyes of the IRS, we subtract the land value from your purchase price to get your depreciable basis.Your depreciable basis is simply where a cost seg engineer starts from when allocating your eligible assets into either 5, 7, or 15 year property.In the scenario above, your starting basis would be $1.6M since your basis = your purchase price - the land value.Having an accurate land value is essential to getting your depreciation/bonus depreciation calculations right.This is the starting point for any cost seg study that you do.

Welcome to BP, Josh!