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.Here’s an example of the reclassifications of this warehouse building thanks to a cost segregation study:As a reminder, bonus depreciation started to phase out in 2023.

Any amount of cash or a credit or bonus toward rent owed is also not allowed as a reward for a referral.Based on this, I would not make it a practice to send gifts annually, but send notes or emails. 

With many people working remotely, bedrooms and bonus rooms become offices - if they have a spare.

If your also very strategic and cost segregate / take bonus depreciation where available you can eliminate higher level tax income where applicable. 

Hope this is helpful.Oh another bonus point: You can save yourself lots of time but not underwriting every single deal at high fidelity.

In talking with my CPA, the biggest downside is that I lose the chance for bonus depreciation, so I'm left with the slow, steady 30 year depreciation schedule on that property.

I've done cost segs on STRs for the loophole but I'd like to get into some more properties that aren't STRs and use bonus depreciation to offset my insurance business.

Bonus depreciation Cost segregationAnd a few more too….Bottom LinePeople need homes.

I feel like if I pay 15% bonus taxes, I should be able to write off my car I drive for my business haha. 

If your rental is dog-friendly, that's a huge bonus - horse people love to bring their dogs with them!