(https://www.irs.gov/publications/p946)- Have a cost segregation study that has a high percentage of the cost basis as depreciable on a shorter scale so that I can use bonus depreciation to depreciate a large amount (e.g. 60-70% of purchase value)- Run the property as a short term rental (averaging less than 7 days rented) and meet the tax code requirements for making that income active by participating "in the activity for more than 100 hours during the tax year, and you participated at least as much as any other individual (including individuals who didn’t own any interest in the activity) for the year."

If you do DIY manage, bonus money in your pocket.Do NOT fudge the numbers above to make a deal look acceptable!

Bonus points if you enjoy hockey!

. **** BONUS *** If you have an idea of what you'd like to put for training manual, it's a game changer.

Bonus points if you can recommend a bank that might be good for this type of business.

As a bonus, Walmart + members get early access to the deal so check when you can grab it.EDIT - Walmart + members get access 3 hours early on everything.EDIT 2- https://www.walmart.com/ip/onn-50-Class-4K-UHD-2160P-LED-Rok

It identifies other properties purchased such as land improvements, floating floors, appliances, etc which may have an asset life of 5, 7 or 15 years.The good thing is that anything with an asset life under 20 years is eligible for bonus depreciation.Bonus depreciation for 2023 is 80%

Currently looking for a tenant.2)110K purchase recently and in process of putting in around <10K and looking to rent in next month or two.I know this year is the last year to get 100% bonus depreciation. 

When renting it out you can charge much more and if you ever sell down the line, this will be a HUGE bonus that people will be willing to pay for.Adding a bathroom or even a half bath:Adding a bathroom or even a half bathroom is an excellent way to increase rent and create more equity.

Let me reach out to my cleaning crew and see if they have bandwidth to take more .. poconos is a high traffic area - lots of potential but at the same time high expenses - maintaining a hot tub is just one of the other hassles .. but I would suggest having it accessible to guests as most folks who come in especially during winter consider that as a added bonus .