If you place it on Airbnb, get guests in, and complete a cost segregation study, you can take bonus depreciation against W2 income as long as you meet the hour requirements.The key parts are: buying the property, putting it in service, tracking your hours, and getting the cost seg report done in time.

My plan has been once i got situated with a stable source of income to start investing in rental properties.

I know this is not REI, but this passive oil/gas fund was recommended by a RE syndicator/fundraiser. I wanted to share my experiences and see if any other BP members wanted to share input or notes. KING:I invested wit...

Since you no longer live in Wisconsin, you may face state income tax considerations both in your new state of residence and Wisconsin, especially if you generate rental income or take deductions on the Wisconsin property.You could also explore passive investing with partners in larger properties to grow without managing everything yourself and these don't have to be local.

@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.

It’s clear: Philadelphia is poised for continued growth and popularity, with a dynamic market that offers a unique blend of affordability, resilience, and upside potential—making it the best Northeast market to invest in over the coming years.Case Study: 5000 Florence Ave, West PhiladelphiaHere's a concrete example of why Philadelphia offers compelling investment opportunities:Current Income & Rents:The property generates approximately $48,000 annually.

We only accept Section 8 in Source of Income protection  cities.Section 8 in it's current form is the kiss of death for low income residents.

The combined loan-to-value was around ninety-three percent, which the DSCR lender didn’t mind because the DSCR numbers looked good.The seller liked the deal because they got their full price and created a monthly income stream from the second note.

BTW the $200k taxable income was largely offset by deductible losses. 3.

DSCR Loans (Debt Service Coverage Ratio):Approval is based on rent—not personal income.