Here are a few definitions that you absolutely must know.Bookmark this thread and use it as your cheat sheet for 2024.Okay, let’s dive in:Here are the terms that I’ll define in this thread:-DEPRECIATION-BONUS DEPRECIATION-COST SEGREGATION -BASIS-LAND VALUE-IMPROVEMENT VALUE-3115-RECAPTUREDEPRECIATION:Depreciation is the decrease in $$ value of your asset over time due to wear & tear, etc.Standard depreciation is deducted evenly over 27.5 years for residential and 39 years for commercial.Even w/o cost segregation you get to deduct depreciation each year.BONUS DEPRECIATION:This is an accelerated depreciation method.

I think it's rude frankly as this website is supposed to be a helping, friendly community. 

Also, on the flip side, I'm staying a few extra nights after the conference if anyone else was looking to extend their time in paradise and hang out with some cool cats and kittens 🐱😅Details:https://www.biggerpockets.com/forums/904/topics/1212073-bpco...Looking forward to meeting and getting to know everyone!!

If this was your first year getting a 1099, then there might be a small chance that you could get away with just this year's 1099.....HOWEVER, since you have been 1099'd for 2 years now, then the mortgage lender may request tax returns before extending a mortgage. 

When you move out will the other unit rent for 2100 or is it smaller?

Mike is correct this would be viewed as self help.

At some point, your friends and family will run out of money for your deals, @Anthony King.

Doing research, i saw content from Morris Invest, and immediately thought it would be a good fit because it would take away risk for mistakes.I have a call scheduled with them this Friday.

Does anyone have any perspective on this?

I spoke with him yesterday and will see how I can assist with this endeavor.