@Gary Tucci,A cost segregation study can definitely be worth the investment, especially with 100% bonus depreciation.Since your short-term rental (STR) is likely non-passive due to your material participation, the bonus depreciation can offset other income, including W-2 income.

The home received a full interior and exterior update, including new flooring, kitchen improvements, bathroom upgrades, paint, and necessary repairs.

Final bid was $5,500, and I figure the total taxes owed are around $5,000 including court fees and interest.I'm kicking myself because, in hindsight, I see I didn't completely understand the process.

What do you mean by the additional $18/sq design fee was not included? 

Groups that move quickly on large land plays usually include experienced land developers, family offices, private equity real estate shops, or institutional-leaning partners who already have dry powder and a track record with entitlement risk.

Search the county probate court recordsMost probate filings are public.In many counties (including Alabama), you can search online for:the deceased owner’s nameestate filingsopen probate casesIf it’s in probate, you’ll usually see an estate case with a personal representative listed.2.

In states where the contract doesn't include explicit 1031 language, we advise the client to have the required verbiage in the agent remarks.

However, from what it seems from your and Greg's replies, I am understanding that regardless of how we structure it and whether or not we ask the other members/partners to pay us anything for managing the business, we will still violate securities law by using our personal time and resources to invest a pool of money that includes other people's capital.

Joshua - there's a ton of great CPAs on these forums including this one.

The property also includes nine apartments and a second commercial space leased to a credit tenant.