Try to narrow down your options to the top 3-4.

You would skip your October mortgage payment New Quote: 5.75% with a monthly payment savings of $230.

Someone I know bought a ranch to use as a short term rental property in 2021 for $1.7 million.Engineers did a virtual site visit, they were able to assign a value of $347,000 to either 5-7-15 year assets that were eligible for depreciation.In 2021, the bonus depreciation amount that you could take was 100%.This means that the owner could immediately deduct the full amount of eligible property in the year it was placed in service, rather than depreciating it over time.With that in mind, he took the full $347K deduction in his FIRST YEAR of ownership to offset taxable income from rentals.This was roughly ~20% of his purchase price.It was a big win for him.In 2024, the bonus depreciation rate is 60% so the calculation would be different.That said, you can still save and defer a ton.

Where would this credit be applied to ?

Photos to come What made you interested in investing in this type of deal?

My BA got me 24 months of experience and my owner builder experience only gave me 4 months.

I am renovating a walk out single family home to have a separate legal unit in the walk-out basement. 

Our tenants have been insurance burn outs ( their house burnt down insurance is paying the rent) to those building Custom homes that will take 12 to 18 months..

So I have gotten a few PM's about folks looking forward to what I see for Amazon Prime Day.

@Toby FellowsGet an attorney and have them complete the process for you would be my recommendation.While it is something you could do, I always recommend spending a few hundred bucks to make sure it’s done and done properly