I want to have total alignment with investors  so if they aren't making money they know I am not making money. 

Thanks for the feedback, Chris , and completely agree that lender alignment upfront is key.Just to clarify we’re not selling barndominiums directly or trying to package DSCR loans to retail buyers.

That changed for multiple reasons and the advocacy and business don't seem to align well in this business.

.- harder to get things done at weird hours for emergency repairs or issues that come up- easier to get taken advantage ofAlways start with the goal first and make sure the types of properties, the market, the tenant/landlord laws, the business environment etc. of where you invest are actually aligned with your goal.

Seek out a tax advisor well-versed in real estate and an asset protection attorney aligned with your long-term vision.

If you don't have Schedule A, then you did not use itemized deductions in 2024, so you don't have this yardstick to measure against.Three components go into SALT:- state and local income tax you paid for previous year (in states with state income tax)- local sales tax on your last year's purchases (in states without state income tax)- local property taxes paid last year on your personal home(s)Notice that the first two of the three components are either-or: you can use the bigger of the two numbers, but not both.Also, there's a lot of important fine print when it comes to these deductions, and we're not diving into such details here.2.

If you want to keep your wife, you need to align on goals first.Her goal is a forever home. 

That means you may not be able to deduct the full depreciation against your W-2 income right away — but the good news is, unused losses roll forward and can be used in future years or when you sell.So yes, based on everything you shared, your duplex qualifies for bonus depreciation on the eligible components placed in service in 2025.

I work with investors like you, helping align tax strategy with growth goals.

That means:All prior depreciation is wiped cleanYour depreciation and cost seg will be based on the new FMV, not what the decedent paidCost Seg Timing Depends on Renovation PlansIf you do cost seg immediately, the FMV will be broken down into components as of the inheritance date — land improvements, personal property (5-, 7-, 15-year assets), and the main structure.If you wait until after renovations, those capital improvements can be added to basis, and your CPA can run a combined cost seg study.