Since most real estate purchase agreements do not assign value to each category, taxpayers must understand what options are available to determine the appropriate allocation to land and building.Taxpayers are required to separately identify the value of non-depreciable items (i.e., land) from the depreciable building and site improvements.

@Max Bellino if you feel the need to interview six separate attorneys for this scope you are over complicating your true needs.

The two properties will be separate, but they can also be rented out together by larger groups.

.), yet they are separated by the 101, making them a unique and cozy community.

Just not a space I enjoy working in.There are some good ones in Columbia, but it's hard to separate the wheat from the chaff.

This can be beneficial for a few reasons:Separation of Personal and Business Assets: Moving the property under your LLC’s umbrella through a DSCR loan will allow you to separate your personal liabilities from your business assets, which is crucial as your portfolio grows.

Do I have to complete the separation of units by January 1st to write off half of my closing costs/other expenses?

Their rationale is based on Illinois law, where security deposits must be held in a separate account and accrue interest if held over 6 months.

However, I usually include tax planning with my tax preparation fees and do not charge separately for the two.

For the last part, why not use a separate calculator (that allows for additional payments) and compare it to the AIO so you have an apples to apples comparison of the total P&I payments and payoff timing forecast.