Recapture typically happens only when you sell the property.If you use the property partly for personal use and partly as a rental in a given year, depreciation and other expenses must be prorated based on the number of days it was rented versus personal useBased on the current tax laws and regulations, once you've taken bonus depreciation on an asset, you cannot "capture" additional bonus depreciation on that same asset in future years, even if the rates increase.In the 2024 tax year, the rate for bonus depreciation is 60%.

Market timing, properly acquired property, personal capital available How did you find this deal and how did you negotiate it?

They're named Yellow, Pink, and Orange, respectively. 

That experience made me realize I want to dive deeper into this space.Right now, I’m in the research phase—figuring out locations, property types, and strategies while working on funding and budgeting.

Move-Out Checklist for Investment PropertyA well-structured move-out checklist helps protect your investment, ensures a smooth tenant transition, and reduces turnover costs.Tenant Responsibilities (Before Move-Out)✅ Provide written notice of intent to vacate (per lease terms)✅ Schedule a move-out inspection (if required)✅ Pay all outstanding rent and utilities✅ Remove all personal belongings and trash✅ Clean the unit thoroughly:Wipe down walls, baseboards, and doorsVacuum and mop floorsClean kitchen appliances (inside/out)Wipe down cabinets and countertopsScrub bathroom sinks, toilets, showers/tubs✅ Replace any missing or burned-out light bulbs✅ Repair any tenant-caused damage (holes, broken blinds, etc.)✅ Return all keys, garage remotes, and access cards✅ Provide a forwarding address for the security deposit refundLandlord/Property Manager Responsibilities✅ Conduct a pre-move-out inspection (optional)✅ Take photos/videos of the property’s condition✅ Verify all keys, garage remotes, and access cards are returned✅ Check for unpaid rent, utilities, or damages beyond normal wear and tear✅ Hire a cleaning service (if needed)✅ Complete repairs and maintenance (paint, flooring, appliances, HVAC, plumbing)✅ Change locks if required by state law or property policy✅ Test smoke detectors and carbon monoxide alarms✅ Review lease terms for security deposit deductions✅ Send tenant security deposit refund (minus any deductions) within the legal timeframe

Quote from @Quinzel Waiters:I would just keep looking and follow up with the person.

Was it real property or personal property?

I personally make well over $100k/yr cash flow from 21 buy-and-hold properties here.

Purchased with all Cash, title transferred into my name in 6 days Lessons learned?

I think the best thing to do would be to find a good-hearted person with a lot of experience and pick their brain.