Vacancies mean a loss of income and increased expenses.

He talks about how you can purchase a rental property, manage it as a short term rental during the year you acquire it, do a cost segregation study, use those "losses" to significantly reduce your taxable income that year, and then turn the property into a long term rental in the following year. 

Similar to a 401k, part of the strategy is a tax arbitrage.It is a much better outcome to take the deduction at 37% rather than 24%.Lever 5 - % Bonus AllowedIn 2023 Bonus depreciation has been limited to 80%, and will continue to ramp down 20%/yr until it hits zero in 2027.Bonus depreciation has come and gone in the past, but the more you get, that first year payback is higher and higher.Lever 6 - % Payback RatioUltimately how much you save vs. how much you pay matters.Caveat - Talk to your CPA before you purchase a cost seg study.You need to have a way to monetize your losses through1.

My wife and I are at a loss of what our options are to get out of this.

He had no losses and lead me to believe I would get my deposit back initially.

Please let me know if all of this is unnecessary or a valid strategy for building strong business credit.

My position has always been that they are unnecessary for most investors and don't provide as much protection as people think.

They don't have a strategy for you because as I said, a one-off is a loss for a company.

I have had no major claims in 20 years and no losses since I have been in Florida since 1993. 

After a year and a half of him creating unnecessary issues, we decided it was time to find a new manager.