So, here’s the answerYou Start at the beginning and ask what your goal is.Real estate only consists of a few components. 1.

Quote from @Ian Hutton: Hey everyone, My question is what are the key components you look for when doing market research?

It would probably be worthwhile to hire a consultant for this component to point you in the right direction if you dont have any lending experience.

Here’s the quick rule of thumb I share with clients:If it’s a repair (fixing what’s broken or keeping things running), you can usually deduct it right now.If it’s an improvement (something that adds value or extends the property’s life), you’ll have to depreciate it over time.So… patching a roof = deductible repair.Replacing the entire roof = depreciable improvement.And with the 2025 tax rules, certain property components (like appliances or flooring) might even qualify for 100% bonus depreciation if you do a cost segregation study.Curious how everyone here handles it — do you separate repairs vs. improvements yourself, or just hand it all over to your CPA at tax time?

Either way, @Josh Green is in your neck of the woods and will be a critical component to having on your team.

You can take bonus depreciation on any property that has assets that qualify.So to answer your question, yes, you can take bonus depreciation on components of a house that is used as a MTR.However, what you may want to determine from a conversation with an accountant is whether the activity will be treated as active or passive.The next question would be, even if you can do a cost segregation study, would the added depreciation from bonus depreciation be beneficial.

The issue is that a mortgage payment has several components to it(Principal paydown, mortgage interest, payments into escrow). 

Per Google - you could perform a cost segregation study that separates the different property components and then take the bonus depreciation?

That's the key component that is usually missing when I hear other entrepreneurs/investors say they don't like QBO.

Always check local regulations before planning your project.A fabricated (prefab) garage is significantly faster, cheaper, and easier to install, consisting of pre-built components.