Small multifamily there aligns really well with the “fewer, better assets” mindset you mentioned.

Let’s dive into it.Potential consequences of working with an unqualified firm:Missed opportunities: Firms that are inexperienced may overlook numerous components that are eligible to be reclassified as they lack the knowledge or don’t perform a thorough analysis.This reduces the amount of potential deductions which also reduces your potential tax savings!

@Matthew BonaskiAbsolutely, and that perspective aligns perfectly with how real expertise is developed in our industry.

I recently worked with a California homeowner who completed a 1031 exchange into two long-term rental properties in the Grand Rapids, MI area.The goal was to reposition equity from a higher-cost market into Midwest rentals with more stable cash flow, while coordinating both acquisitions and financing remotely.We focused on rent-ready properties rather than heavy rehabs, and structured the purchases together to keep timelines aligned and reduce execution risk.Curious what others are seeing right now in Grand Rapids in terms of pricing, rent-to-value ratios, or investor demand compared to prior years.

Typically new construction properties will have more value placed in the structural components (27.5 or 39 year), which will leave less to be eligible for bonus depreciation in the faster depreciation categories (5 & 15 year)2.

The key is to define your strategy, align with the right partners, and build from there.

@Dillon Clark I don’t think any one signal carries the most weight in isolation — it’s more about whether they align or start to diverge.Staff feedback is usually the first reality check, especially on interpretation and process, but I’m careful not to over-anchor on a single conversation.

Shop around and go with one who has experience which aligns with your goals and who you connect well with. 

As with any deal, if you’re leaning toward townhomes, just make sure the acquisition is strategic and aligns with your long-term goals.

That's how far you'll want to plan, though.If I were in your shoes, the next step would be to interview a few CPAs, there are some great ones in this community, and see who best aligns with your communication style and goals.