You’re basically pulling future depreciation into this year.Two things to watch:Make sure the rentals are truly rental activities for passive vs nonpassive rules — big losses don’t help if you can’t use them.Get the study done by someone who actually knows residential rentals, not just big commercial.So: yes, you can do it now, yes, you can catch up, but no, you generally don’t get to go back and grab the old-year bonus as if you’d done the study in 2020.

My understand basically is that you network/market to the folks that are selling senior care living facility beds with the idea that most seniors need to sell their house that they have owned for decades and is probably full of junk in order to afford the living facility.

Basically formal letter so they know you mean business, text to be empathetic.  

I’ve got a buddy who owns a condo in Wynwood — a developer is buying the entire building for a conversion, and he’s basically doubling his money in just a few years.

Basically the current LLC will first deed 50% of the property to you and the other 50% to your partner as tenants in common.

But it figured it out as:-What would be my total NOI if I paid off the $1.2m balance (and now that I'm thinking about it, I maybe should have did what the extra NOI would be since there would be no mort payment anymore)-For the total property, I basically took what the price of the building is today and assumed it increased by 1% per year.  

I'm in the process of learning as much of the basics as possible before I dive in.

My partner and I have a document we work through to analyze deals.A structured Excel template for real estate deals which includes: basic property info like address, type, size, purchase price, and closing costs.

They cover many basic things that won't be covered in any detail in podcasts on investing.

Often referred to as a "x due in y".EXAMPLE: amoritize for 30 years, but balloon payment due in 5, so "30 due in 5".There's a whole lot more you can negotiate with this, but this is the basic version.