The insurance agent I use is a local broker with Sentry and he runs a comparison for me every year.

The cost segregation allows for accelerated depreciation creating pretty big losses on first year of acquisition and there after also.But schedule E doesn’t allow posting those losses to personal taxes 1040. losses stay with schedule E until they get offset by future profits from property.Did I get this correct?

I built that one a few years back it will be similar only the exit is going to be 850 to 900k this time around.. this area does not have the heavy influence of the BAR like south of Broad  and other areas..

Exhibit 4.4: Activity Log Business/Property:__________________ Year:____________ Complete the following by day:________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________Under penalties of perjury, I declare that I have examined the information contained on this worksheet, including attached worksheets and statements, and to the best of my knowledge and belief, it is true, correct and complete.__________________________________ ___________________ Signatures (both spouses, if married) DateReg. § 1.469-5T(f)(4) provides that reasonable means for proving hours may include a statement of services performed AND approximate hours based on appointment books, calendars, etc.

Short backstory; I’m a licensed builder in MI and have been on my own for 1.5 years completing structural restorations, insurance claims (roofs, siding, floods, etc), and about 15 or so bathroom remodels.

In the longterm your better off buying a solid property, 3-4 units if you can qualify for it, and getting started vs looking for the perfect deal for years that never comes.

And 1 of the co-signers has been late on his mortgage (2 times last year). 

I manage around 400 rentals with 14 years of experience and have never been sued once.

I have a half dozen years of experience renting out a few single family homes and am looking to bet big in a different market.

I was only “tax free” for about the first 10 years.