LOL...I like B ham a lot for turn key... my guys do a great job there for their clients. its a little under the radar and I like the topograhphy of the area so you get some character in the area's and the homes.. lots of bonus sq ft on the day light ranch type homes. yes market is more 65 yo 75 for 750 to 850 rents... 1100 plus rents are going to be more in the 90 to 110 PP range.

I took bonus depreciation through a cost seg study on the properties i bought,  and generated a paper  loss of ($370,000) My question is, can i take this entire amount against the w-2 income, and receive a big tax refund? 

Podcast episode 742 How to Achieve Financial Freedom Through Real Estate in 4 Steps and Bonus episode How To Use the 2023 Housing Correction to Get Rich with Real Estate (ignore the clickbait title) are both excellent episodes. 

The study identifies with forensic engineering detail the immediate Bonus Depreciation 5, 7 and 15-year personal property class lives qualifying portions of a building that are normally buried in 27.5 year residential or 39 year commercial categories.As a reminder, bonus depreciation will start to phase out in 2023.

To me I also see the value as I am going to live somewhere, might as well maximize on my primary by doing value add on a fixer upper home… even if I put more down the 203k really gives a bonus to upgrade the home.

See which chapters/topics interest you the most and that’s the book for you.When you’re ready to buy one, if you come back and make your purchase on BP’s site they give you “bonus content” along with the books that you don’t get when you buy the books on other sites (like Amazon).They even have a deal if you decide you end up wanting both books: Tax Pack bundle.

@Shane RankinI agree with Joe, The best 3 I’m aware of are the following: 1- Tax free wealth by Tom Wheelwright 2- The book on Tax Strategies for the Savy Real Estate investor by Amanda Han & Matt McFarland 3- The book on Advanced Tax Strategies by Amanda Han & Matt McFarland Also a bonus suggestion : Tom Wheelwright has a new book coming out soon, I believe the name of the book is “ Incentives “ It breaks down 7 different things the government will incentivize you to invest in.

I’m finding that the local homevestors / “we by ugly houses” owner is now competing for the property and trying to entice the owner to go with him.

Stock awards and rev share were just an added bonus. 

I was able to also take advantage of 100% bonus depreciation.