@Michael Morales I can't speak specifically for the California state and national exam, but I highly recommend utilizing Prep Agent on YouTube.

Eligible property includes 1) Computer software that is depreciable 2) Qualified leasehold improvements property 3) Water utility property and 4) MACRs property that depreciates over 20 years or less.

Some basics: 2x Units - located on the 2nd & 3rd Fl, ea is 950 sqft, they are 3bed 1bath, off street parking, electric utilities not included, includes washer/dryer/dishwasher/stove in unit.

Here are a few points of information:Construction prices are high in area ($300+/sf)Site can accommodate slab on grade and utilities (water/sewer/electric) are at streetTargeting 3br/2.5 bath (maybe 1 car garage).

Once you start utilizing creative leverage such as helocs, brrrrs, cash out refinances, etc you can open a lot of doors.

Hello Bigger Pockets Community,I have a unique situation on my hands wherein my family is looking to purchase a cabin for our family to use recreationally but also to utilize the property as an AIRBNB for a significant portion of the year (Rented Less than 50% of the year as the 2nd Home mortgage dictates).The only issue is that the property is 39 miles from my primary residence (< the required 50 miles for a 2nd Home mortgage).

Utilities are in their name but what’s my responsibility if they don’t pay and the water gets shut off?

This account would be used to pay the mortgage, utilities and save the profit.

Who pays utilities?

Public utilities?