To do this, divide the cost based on the ratio of the fair market value (FMV) of each asset to the total FMV of the entire property at the time of purchase.If you are uncertain about the FMVs of the land and the buildings, you can alternatively allocate the cost based on their assessed values for property tax purposes.Source: IRS Publication 527 (Residential Rental Property)

We are in a new era of higher interest rates, gurus selling information, and low supply in popular markets.

I don't hear many people talking about this as an alternative if your employer is not matching 401k and you want to be more active in your investing approach long term.

I used to work in the area, not personally investing there, but I have helped handfuls of investors secure financing in Dutchess and Ulster counties, I do know it’s seeing some heightened interest from investors due to its proximity to the ever-expanding NYC and relatively lower property prices compared to alternative areas.

To capture and nurture leads on a budget, look for free alternatives to ClickFunnels.  

I’ve helped plenty of investors navigate these tricky tax and management questions, especially with properties in popular STR markets like Phoenix and Austin.Good luck with the purchase—sounds like you’ve got a great opportunity on your hands! 

I’m already aware of the popularity of Joshua Tree and Lake Tahoe, so I’m interested in hearing about other markets that are strong performers and investor-friendly in terms of regulations.Does anyone have insights on:Specific cities or regions where the permit process is more straightforward?

I am wondering if there are alternatives that I can explore myself without incurring that expense.Your input will be greatly appreciated.

It’s disheartening to see a company that once had my trust handle a situation so poorly.To others considering LaunchControl, I advise looking into other alternatives.

Research sales, rental rates, and vacancy rates, and learn about financing alternatives such as VA Loans, FHA Loans, and 203k Loans.