@Himanshu DasFor a property that’s cash-flow negative, a properly done cost segregation study can help reduce your tax liability and protect you in case of an audit.

When renewal time comes, that’s when you reset to market with proper escalation terms.Lesson learned for next time: always include annual increases in multi-year leases — even 2–3% compounds meaningfully.

You could always have another termite company come in and do an inspection after the sellers do their treatment to make sure it was done properly and there's no additional evidence of termite activity.

Financing Your InvestmentSecuring proper financing is crucial.

I haven’t filed my most recent tax return yet and want to make sure everything is set up correctly from the start - including Schedule E reporting, depreciation strategy, and proper entity timing.I plan to operate this as a real estate business (not just a personal tax return) and will be forming an LLC for my portfolio this year, so I’m looking for someone who can advise on both tax strategy and entity structure as I scale into additional properties.If you have a CPA you personally use and trust for your rental properties, I would really appreciate any referrals.Thank you!

., Proper or similar)?

The key is getting a good appraisal that breaks it down properly.

If you want, DM me — I’ll send you my deal analysis sheet and can introduce you to an investor-friendly lender to help you run the numbers properly.

I believe I am calculating Mich non-homestead tax properly (1/2 Purchase price x 0.0766101). 

But, know what you want to accomplish beforehand.Creative Finance is a great way to buy properties when done properly and lawfully.