That means the lower the land value relative to the building and its components, the better.Example:•Property A: $500K total price•$100K land / $400K improvements → $400K depreciable•Property B: $500K total•$300K land / $200K improvements → Only $200K depreciableTip: Look for areas or property types where the improvement value is high relative to land — especially helpful in suburban or rural markets.Short-Term Rentals Open the Door to Bonus DepreciationIf your property qualifies as a short-term rental (STR) and you materially participate, you’re not bound by the traditional 27.5-year depreciation schedule.

Unless you've done complex tax preparation before ... hire someone.The CPA my clients in Colorado use for their Colorado STRs can usually get more in bonus depreciation with their cost segregation anyway, and like others have said, you want to make sure it's done right to defend in case anyone asks.Plus, it's nice to have a consultant who can walk you through what it takes to qualify for "material participation" as a short-term rental professional. 

Bonus points if we have complementary strengths: I have a fairly analytical mind and some capital, but not a lot of hustle, and it takes me a while to overcome mental blocks when it comes to reaching out to people.Looking forward to replies and/or DMs!

Personal opinion, but I tend to think of it as a bonus (think ADU, granny suite, etc.).

So if your place isn’t ready until 2025, you’ll have to wait until then to claim those costs on your taxes.Once you’re active, you can immediately deduct up to $5,000 of startup costs (like legal setup, marketing, or consultations), and anything beyond that gets spread out over 15 years.After your property is up and running, you might also qualify for bonus depreciation if you do a cost segregation study.

Quote from @Connor Chanter: I have a couple rentals near Milwaukee, I'm looking to do a cost segregation study to accelerate depreciation and recapture some bonus depreciation from the last few years.

Also with that said as sort of A bonus thought if you follow such A philosophy with rental investing you could theoretically take A bit of Dave Ramsey's Philosophy and use the income streams of multiple paid off residential property's to buy outright A commercial property and access the hight rent potential immediately.

Quote from @Julius Vincent: Quote from @John Underwood: Quote from @Julius Vincent: Hey @Lisa Graesser - LTRs are eligible for bonus depreciation.

Bonus points if it includes sensitivity analysis or value-add projections.If anyone is willing to share a template they've found useful or point me toward a reliable resource (free or paid), I’d really appreciate it.Thanks in advance for your help!

I’m based in Philadelphia, so bonus points if you have local experience!