This oftentimes uncovers additional tax savings and allows you to utilize bonus and accelerated depreciation.6.

Mine would day if less than $500 worth of stuff at garage sale prices them I can take back property and dispose of any stuff in house.Are utilities still on in tenants name?

Location: Florence, SCShort Term Goals: - Purchase 1 SFH property by end of the month, convert to a multi family, rent out- Complete my business planPersonal Development: - listen to all BP Podcast episodes starting from Episode 1 (currently on Ep. 25)- listen to Rants & Gems podcast - re-read The Book on Flipping Houses and ABC’s of RE investing- read Estimating Rehab book and the E-Myth- utilize @tuckermerrihew resourcesBiggerPockets Goals:- get at least 3 responses on my first two posts- improve deal analysis accuracy on the BRRR calculator and Rehab estimatorglad to contribute to the community

Which utilities do you cover (if any) and what are the monthly costs?

A Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.

Overall, from the research I have done and interactions I have had with this particular couple who have been foreclosed on, I am as close to certain that they know they were foreclosed on properly and drawing it out as long as they can.

Market rent in this pocket can reach $1350, with tenants paying all utilities his cashflow is going to right around 12k a year.

Airbnb is a bigger time commitment, but I have found interacting with guests is more enjoyable than interacting with tenants.

We also make sure that we pay some of the utility bills ourselves.

We plan to increase rents on average $150+ over the next 2-3 years, along with utility bill backs which is standard for the market.