Which in turn will bring plenty of other investors and general business to the area.

my business partner is a real estate agent

Account Closed Contractors are businesses .

Purchase price: $31,000 Cash invested: $66,000 Sale price: $147,500 Converted an abandoned, condemned three bedroom, one and a half bath home with two rooms (one 30x15) unused/used as storage, and attached single car garage that we (my business partner and I) emptied (3, 30 yard dumpsters!)

I am a small business owner with like a dozen employees .

However, while utilizing one has no costs involved, it performs the best from a tax standpoint with properties that have a gain of $300k or more.

Anderson Business Advisors claim that this is a solid plan, but I've had a WY attorney also say the statutory trust will not transfer well to our CA properties.

If you are installing them in 2024, the amount of bonus depreciation is limited to 60% and you can therefore only take 12.75% in the first year (plus normal remaining depreciation for a part-year asset).I'm not sure how the split would work between the residential credit and the commercial credit as this may be reported separately with the partial business use allocation happening first.

I have personally been involved in house hacking and furnished rentals for over five years, and it's been fascinating to see the quality of mid-term tenants we've had over the years.However, it's worth noting that in our area, the demand for short-term rentals on platforms like Airbnb and VRBO has declined in the past 24 months.

If you use a DSCR loan like some others have mentioned, licensing works differently since that's a business purpose loan.