I was quoted $50k to renovate the basement.

Quote from @Rene Hosman: Wow $750/mo cashflow for a property that was only $118k that's incredible!

If you perform a cost segregation study for your short-term rental property, you would typically file Form 3115 (Application for Change in Accounting Method) to claim the depreciation adjustments from the previous year without needing to amend your prior return.

Quote from @Su Pak: Hi, reaching out to the BP community about this one.

Quote from @Meghan Begue: @Seth Wilcock Thank you so much for the warm welcome and for your thoughtful advice!

Quote from @Greg Scott: Making entertainment out of someone's misfortune does not sit well with me.   

These buildings typically have large rooms, wide corridors and high ceilings, making them ideal for an ALF. 

Quote from @Joshua Janus: Quote from @Bernard Kelly: Hi BP, I'm looking at a few off-Market deals in Cleveland OH, this will be a new market for me.

Quote from @James McGovern: I am closing on a property sold via foreclosure auction in Connecticut where the tenant needs to be evicted by the State Marshal in the future.

Quote from @Calvin Thomas: Quote from @Jenn Barona: Quote from @Calvin Thomas: They should rename it Ripoffcon.