But we saw potential in the deal and kept this lead in our follow-up database for nearly FOUR YEARS.Fast forward to December 2023, the wife, now with a restraining order in place and court approval to sell, decided to let go of the house she could no longer afford.

I wouldn't start on the Internet for that because people can be creepy.

@Stephen Branagan Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Some loan officers can comment more on those.

Anyone has wholesale deals in west Kentucky?

Operating agreements should be drafted by an attorney with a CPA or attorney with a tax LLM weighing in on tax related matters. 

Granted, I have already invested thousands of hours already, and invested by making it my career, I just yesterday closed on my first property.

Even though a DSCR loan or any other loan would not lend on the property.

Make sure to dive deep with your lender on the analysis to ensure you make the right decision based on goals, short and long term. 

Bonus depreciation is just a special part of the US tax code.It allows you to take accelerated depreciation on portions of your property depending on when an asset is put into service.At the time of this writing, you can write off a huge portion (60% in 2024) of many qualified components that have a useful lifespan of 15 years or less.That means a certain percentage of things like landscaping, sidewalks, latches, appliances, fences, certain flooring, etc is depreciable in year 1.The bonus depreciation rate percentage changes yearly depending on the administration and the tax code.For years 2015 through 2017 first-year depreciation for all the items on a 15-year schedule or less was set to 50%.It was scheduled to go down to 40% in 2018 and 30% in 2019 and then 0% in 2020.But then Trump got elected, and he enacted the Tax Cuts and Jobs Act.That moved the bonus depreciation percentage to 100% from 2017 to 2022.In 2023 it went down to 80% and it’s currently at 60%.Depending on who gets elected again, 100% may be back on the table.Only time will tell.We know that the US government wants to incentivize more development and ownership of RE.They want Americans to continue to build and maintain our physical world.That’s why real estate is one of the most tax-advantaged assets in the US.Depreciation and bonus depreciation for RE are very positive and will likely continue in the years ahead.