@Kevin Carpenter Specifically to address your question about how tenant’s insurance benefits the landlord:Imagine you own an SFR that is tenanted and insured by you as a rental property.

We can run a free cost segregation analysis on your property so you can see the potential tax benefits before committing to anything.

Curious what’s motivating your move — cash flow, appreciation, tax benefits?

I already originated an $8.6M loan through a community bank believing I was going to build the 18 condos as phase 1.

My intention is to make this extremely passive and win-win.The partner gets predictable tax benefits and return of capital later.I get unused depreciation turned into growth fuel.And just to be transparent:If anyone here has experience with this — or is interested in the tax-benefit side as a passive partner — I’d love to connect and get your perspective.Not trying to pitch a deal here — just trying to learn from people who’ve actually done this type of structure.Thanks in advance!

You’ve gotten a great response from Alan already, and honestly, I’d say a lot of the same things.Since you’re going into the Air Force, take advantage of the benefits you have right now.

I'm not a huge fan of REITs because you don't get the tax benefits of direct ownership.  

Also got depreciation tax benefits. 2% appreciation and we're already close to stock market returns.With retirement planning, it's generally held that a 4% safe withdrawal rate from stock market holding.

If the property qualifies as a separate activity, you may be eligible to claim bonus depreciation through a cost segregation study, which can provide substantial upfront deductions — particularly beneficial if you are in a higher tax bracket.However, if your income level is lower, the cost of the study may outweigh the benefit.

Our clients making mid-six figures via W2 get the most significant benefits by launching an STR by the end of the year and offsetting taxes.The most common hurdle is the material participation test, often achieved by committing over 100 hours of direct management and tracking that time to ensure it is more than the hours spent by any other individual, including cleaners and property managers.