That's the key component that is usually missing when I hear other entrepreneurs/investors say they don't like QBO.Something else to keep in mind is your entity structure and how your entities file tax returns.

Find a local inspector with a good reputation and experience inspecting investment properties to identify issues with wiring, plumbing, structural components, and more.

Starting out, liquidity is usually one of the larger components for financing as most lenders will want to see that you have x amount of reserves available beyond down payment and closing costs. 

@Jay Hinrichs minimizing banks having to take back property could be a key component to saving our economy 

For the electrical component take total watts of bb heaters x hrs used ÷ by 1000 (conversion factor) that will give you kwh used.

That's the key component that is usually missing when I hear other entrepreneurs/investors say they don't like QBO.Something else to keep in mind is your entity structure and how your entities file tax returns.

Current strategy will be to build out as short term rental, 2br 1 ba.Still have not sat down to do business plan, admittedly this is my growth area, but I know its a necessary component to the journey.cheers yall, hope everyone is getting out to enjoy the weather this weekend.

That’s because the majority of the property components—roads, utilities, fencing, and other land improvements—qualify for 100% bonus depreciation.How It WorksWhen you acquire a property, we conduct a cost segregation study to break down the purchase price into: Land, Buildings, Infrastructure, Personal PropertyWhile traditional buildings are typically depreciated over 27.5 to 39 years, shorter-life assets—like water and sewer lines, electrical infrastructure, and roads—can be depreciated over 5, 7, or 15 years.

A cost segregation study can significantly accelerate depreciation by breaking down your property into shorter-life components (like appliances, cabinetry, flooring, etc.), allowing you to claim larger deductions up front—potentially through 100% bonus depreciation if applicable for your tax year.

Knowledge and understanding of it is just one component of what makes someone successful in it.