So if the property goes into service in 2025, the cost seg must be applied on your 2025 tax return.However, since you plan to qualify for Real Estate Professional Status (REPS) in 2026, you can do a cost segregation study in 2026 and apply a catch-up depreciation adjustment (Form 3115, Change in Accounting Method) to claim what you missed in prior years.

I recommend confirming communication standards and fee structures prior to signing any ICA or sending them money.Serena O’gwin-Miranda also hosts the Let’s Talk Motivation podcast, which promotes leadership and professionalism.

I thought I had cancelled my PRO membership prior to the free trial period ending, but my credit card was billed today for the annual subscription at $417.

We write checks prior to closing and expense these in the tax year incurred.

Any advice on how to deal with these tenants prior to closing?

As long as you have lived in the property for two out of the 5 years prior to selling it, you will get to exempt all gain tax-free.

The lease should state just this, electric and gas need to be transferred prior to you giving them the keys and you should verify this. 

Several banks offer soft inquiry options, I'd try those out prior to risking the HP.

I would suggest seeing if your lender can order a CDA prior to the appraisal.

General Ledgers / Historical Capex: Ask for a full history of all major capital expenditures that have been made at the property during the owner's (and if available - prior owners') ownership term.