Here are some examples of the recovery periods from the IRS 996 Publication:5-year Property: Automobiles, qualified technological equipment, office equipment (copiers, calculators, etc.), appliances, carpet, and furniture used for residential real estate.7-year Property: Office furniture and fixtures (desks, filing cabinets, safes)15-year Property: Certain improvements made directly to land or added to it (such as shrubbery, fences, roads, sidewalks, and bridges)There are multiple approaches to cost segregation studies including the Detailed Cost Approach, Detailed Cost Estimate Approach, Survey Approach, Residual Estimation Approach and Sampling Approach.If you feel like you or your business could benefit from a cost segregation study, first speak with your accountant to see if the tax savings outweigh the potential costs.

The land is tangible and the mobile homes are considered Personal Property and titled like a automobile.

A rent heavy market, with a shortage, I am receiving regular requests for rentals in these markets.  

Heavy rehab.

Heavy rehab.

It is balance sheet heavy but for some reason, most investors in BP are just focused on P&L and they stick with these free accounting platform that doesn't even utilize the Balance Sheet.A lot of the time when I clean up client's books, it's mainly in the balance sheet that needs to be fixed up.

AI does the heavy lifting, saving you time and helping you close more deals.Why This Matters?

Since you already use TurboTax, you can connect the two come tax time & take out some of the heavy lifting! 

This is a good place to start.1) Education: be the most knowledgeable agent in your area and start to host meet ups or something that can establish credibility.  2) I would find a low transaction/fee-based brokerage like EXP or a brokerage that does not charge a heavy annual fee. 

But if they’re slamming heavy pots down, scrubbing with corrosive cleaners, or overheating it to the point of warping, that’s tenant damage—plain and simple.The lease is the first line of defense.