Is it possible to do a cost segregation study this year (2024) and retroactively take 100% bonus depreciation from that cost seg since the property was placed into service in 2022? 

Hi - Any large property managers (50+ STRs) who manage properties for other owners, what is your most preferred PMS?

Purchase price: $490,000 Cash invested: $150,000 Property generates $4,050 a month income, rents are below market.

You don't even need an LLC for a rental property, especially if there is a mortgage on it.Make sure you have the correct type of insurance as your number 1 priority.My partnerships have a separate tax return and it issues a K1 for my personal return.

Adriana - yes, interest rates will be higher for 5+ unit properties and minimum down payment will be 25% generally (opposed to 15% - 20% on 1-4 unit properties). 

I have managed to get a couple properties under contract, most of them fell through due to a lack of investor interest.

I've been doing due diligence on a few properties that I've targeted. 

A lot of people like to tout that private lending is this risk free business alternative to owning your own investment properties.

We can lend under 100k as long as the property appraises 100k+.

You can also consider doing a 1031 exchange to an out of state property or to multiple properties.