The property wasn’t the problem, the plan was.There’s nothing wrong with saying “I’m not ready yet” or “This asset doesn’t fit me.”

It is also important to note that there are at least three different ways to calculate the spread of the deductions over the first five years, which allows you to customize the accelerated depreciation deductions to custom fit your tax needs, and maximize your benefits.However, if you do not take advantage of bonus depreciation upon the first year of filing tax returns, you will lose the opportunity.

@KC Conti We also do what @Adam Bartomeo does.We break all maintenance/repair issues into 5 categories:1) Health & Safety - must be done2) Government Required (city inspections & S8) - must be done3) Property Preservation - recommended, but up to owner4) Marketing Impact or Tenant Retention - up to owner5) Miscellaneous - whatever doesn't fit aboveAnything that doesn't have to be done can be LEGALLY negotiated with tenants in exchange for changing current lease terms.

A rule has to be established for forcing out someone who no longer fits the group.

If you already own five buildings and the next acquisition is a quarter-mile away from the others, operational scale alone can justify the investment.The key takeaway: Know who’s there, who’s not, and why—and make sure your strategy fits the environment.2.

The 30 year fixed rate loan would be a better fit for this purpose.Now, we can't tell what your financial picture looks like but you have mentioned you might be in a good position financially. 

Most are great at one thing… and then kind of mediocre at everything else.I’ve been investing for 5+ years now, and with AI getting so good, I started building my own tools to fit exactly how I run deals and manage assets.Eventually word got around that the tools were really effective, and now I split my time between real estate investing and developing tailored digital products for other investors who are in the trenches.Would love to chat more about it.

I start part-time and scale to full-time once there’s proof they can handle the workload.This protects me while giving them space to grow into the role.It took a couple of tries to find the right fit, but now our VAs run 80 percent of the backend while we focus on scaling and acquisitions.

Schedule a couple of intro calls and see who feels like the right fit for you and your goals.

Once you have that number, you can focus on markets and properties that fit within that price range.