BRRR and depreciation upon Refi
I'm currently reading the "Book on Tax Strategies for the Savvy RE Investor" and it led me to an interesting question.
How does a Refi impact what you can depreciate on your rental property? For example, you buy a property cash for $50K, rehab it for $30K, and refi for $85K. Assuming the land value is only $10K, what amount can you depreciate over the course of 27.5 years? Or would you use cost segregation at that point?