Its clear we are gearing up for a period of inflation because everyone is fleeing into asset classes and nobody wants to be stuck holding cash.

You are just using bonus deprecation for improvements that would have normally been depreciated over longer periods of times.

Inflation refers to the rate of increase in prices over a given period of time, but what impact does it have on real estate?

Inflation refers to the rate of increase in prices over a given period of time, but what impact does it have on real estate?

I don't believe so but I guess you might have some debate if you could argue it had been a 3 family for a significant period of time. 

Every operating agreement has things like roles and responsibilities, who can make certain decisions on there own and what decisions need approval from all or part of the rest of the team,  what the holding period looks like, what happens if someone wants out etc...

You expense things in the year it was paid- regardless of what period it relates to. 

Also, ignore the COVID frenzy period; this will not last.

When you are ready to make an offer on a property, it is generally okay to put the contract in your own name (or the name of an existing company if you have one), then form a special purpose entity to hold that property after your inspection period expires: there is not need to incur the cost of forming the entity until you are committed to buy.

@Harpreet Singh in the Pacific Northwest where it is damp for long periods of time radiant heat is far superior to forced air (we also don’t really need air conditioning , although that is changing with global warming) so having forced air isn’t as needed.