Many people mistakenly think that bonus depreciation only applies to new properties or recent acquisitions, but you can indeed retroactively apply it to properties placed in service after September 27, 2017, thanks to the Tax Cuts and Jobs Act.The IRS allows you to catch up on missed depreciation without amending prior returns by filing Form 3115 (Application for Change in Accounting Method).

I would definitely take a look on it.

My partner put my on to it How did you find this deal and how did you negotiate it?

It is equipped with the following: - Office - 2 mechanic bays with lifts - 1 bay for mobile detailing  - Car lot for 70 cars Lot of ideas go through my head but figured i would reach out to the BP community.

For copper water lines, I wouldn't look to replace buried lines until they actually fail for the same reasons and again if doing work on the interior I will often replace with PEX as Im getting other work done.

For example would you fly on a plane with a first time pilot for $100 flight or with someone who has been doing it for 30 years for $300....

Why would you do a cashout refinance in 5 years? 

Ensure you do your due diligence before placing a bid, as these often sell as-is.

This article gives a very helpful starting point.https://www.biggerpockets.com/blog/core-four-real-estate-teamThere are a lot of markets that do have a large selection of MFH that cash flow.

And by little, I mean $50k-$60k.I was just listening to the latest episode about what to do with $50k and it’s talking about using that as a down payment, which would get you a house for, say,  $180k - $200k.