Imagine you bought a property for $2M.The land (excluding any structures) is valued at $400K.Since land is not depreciable in the eyes of the IRS, we subtract the land value from your purchase price to get your depreciable basis.Your depreciable basis is simply where a cost seg engineer starts from when allocating your eligible assets into either 5, 7, or 15 year property.In the scenario above, your starting basis would be $1.6M since your basis = your purchase price - the land value.Having an accurate land value is essential to getting your depreciation/bonus depreciation calculations right.This is the starting point for any cost seg study that you do.

Curious to get some tips from folks that have a larger portfolio (say 50+ units or larger) across multiple MF buildings (so different acquisition dates, financing, etc.) and what software you use?

I'm in search of a good land use lawyer who can help me negotiate public infrastructure I am being required to pay for near Waynesville, Ohio (Wayne Twp, Warren County, exurb of Cincinnati/ Dayton) in association with a small subdivision I am constructing.

I think it would be fun to know each other as well! 

If anyone has experience in this or has a referral to a legal firm who can help with this I'd appreciate it.Thanks y'all!

Lets say I close on a house in April 30 and am charged the local taxes on the closing statement from Jan to April.

I'm particularly passionate about Uplifting the Beautiful City of DetroitOutside of real estate, I enjoy Personal Finance, Rock Climbing and long walks on the beachExcited to learn and connect with you all!

Looking for some advice on a tenant issue. 

I'm considering building a portfolio on single/duplex homes in Oregon where my parents can be my managers - and I am up there 6 times a year.

I was more referring to the ease of use of the platform which seems like what many investors are looking for.