Hey Account Closed Since you live out of the country you will most likely be buying the property cash.

@Santos Gloria Account Closed In case you haven't seen the post, I wanted to tag you all so that you would be aware.

Account ClosedI am not ashamed to say you just did a “Fly Bye “ for me.  

You want unpaid "pre-delinquent" taxes accounts... ie. homeowners who have not yet paid their tax bill for the current year, but still have a few months before the account goes delinquent. 

Shortly after signing-up and creating a second "admin" account, which is NOT an admin account because TC doesn't accommodate true user management, the second account was locked-out.  

If you are carrying a 15 year note, you are poo-poo'ing away the principal pay down, in which you have nothing in the deal and your tenant is now placing $50,000 in a bank account for you over the course of 15 years.

But the CFO isn’t an accountant and the books end up messy.

This is why it's best to consult with an accountant before deducting anything from your income tax.The assets that are eligible for bonus depreciation, (defined as 5, 7,or 15-year property by the IRS in the MACRS) applies both to commercial and residential, as long as it is not one's personal residence.

Account Closed thanks for your response.Based on the scenario you outlined, does this mean that the LLC would need to be created before even purchasing property?

Once you have enough equity in your home you set up a HELOC and use that as a revolving account for investing.