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.

There is a basic challenge with your plan😣You can only have one FHA mortgage at a time and ALL owner-occupied mortgages require minimum 12 months of occupancy before you move out and convert your unit to rental. 

My basic, but realistic and practical advice: practice underwriting and deal analysis. 

Basically, you are convincing your inner doubter that you can do it. 

Yes we were successful winning bidding wars 3 months ago using the family postcard technique;) Basically, we added a cute picture of our family along with our offers (which were based on conventional financing) and our “humanity” made us win over the cash offers.

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.

My current plan is to pay off mortgage + interest as soon as possible by adding extra principle. 

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

Cost seg is basically a way to reclass parts of the building into shorter life assets so you take more depreciation earlier, but the timing of the study and the timing of the tax benefit aren’t the same thing.

Everything is basically a second hand opinion from someone else.