Bonus: Builders of these homes in my area are offering an attractive 4.25% rate from the builder, providing a golden opportunity to secure a rate lower than market average while initiating that rental income dance, all while leveraging as low as a 3.5% down payment

I'm also interested in OOS STRs, MTRs, and student housing, with the bonus of having a spot to visit myself ;)2. 💫 Educate and turn education into action - build my core 4 and acquire my first property!

Businesses flow in and people renovate the houses back to their former glory.If you know what to look for you can get a triple equity boost - the fixer-upper return/basic appreciation/gentrification bonus....

Two bedrooms and bath on main floor, and in the partially finished basement is one bedroom, an 18' x 11' bonus room, a laundry room and a furnace room.

I would also offer them a cash bonus if they vacate sooner than later.

Pete @Peter Pope I generally ask clients for- Closing docs- Breakdown of improvements- Placed in-service date (when property was ready and available)You should also discuss the decision to take bonus depreciation or not with your CPA. 

Since you placed the property in service you can start depreciating the investment property and the renovation costs that you paid to contractors in 2023 (bonus depreciation is something to think about here).If you don't get an LLC @Bill Brandt will be happy to hear this since he hates LLCs.

With this added bonus for them filling a unit, the total management expense comes out close to 13-16% of the total gross rent collected which seems high to me.

if the property was purchased and the company segregation study was done in 2023 but passive investor physically wired funds in 2024 can they still claim the full 80% bonus deduction for their 2023 tax return?

I even raised the roof and added bonus room trusses.