I am becoming more involved with the business so I decided to get my brokers license and learn more about how other people manage larger complexes.

I was impressed and decided to move forward with a new property I was purchasing.Everything went smoothly until 3 days before closing — that’s when MoFin told me they could no longer honor the 10/90 structure.

I decided, whatever I'm doing isn't working.

Quote from @Tabitha Grant: Quote from @LawRosa Hart: Hi @Tabitha Grant,A lot of coaching programs aren’t quite what they’re advertised to be, so if you decide to do one, make sure it actually teaches what you need.

Since both properties you mentioned were placed in service in 2020 and 2021, when bonus depreciation was also 100%, doing a cost segregation study along with a 3115 catch-up adjustment could significantly increase your first-year depreciation deductions in the year you decide to execute this.

I decided never to invest in turnkey when the company recommended to me by a friend ended up being a complete scam (Morris Invest). 

I’m not a CPA, so definitely verify any of this with one — but here’s how I understand it from working with dozens of investors around this strategy A few things to think through before deciding if it’s worth pursuing: – Your income and tax bracket — that’s what determines if the benefit’s meaningful – STRs vs LTRs — STRs often qualify for material participation without full REP – Whether cost segregation and bonus depreciation can offset enough income to justify the effortWe’ve helped dozens of out-of-state investors go both routes, many from the Bay Area actually this year haha: some through STRs, others through value-add LTRs using cost seg.

I say focus on this because the challenge with Real Estate is that there are so many strategies & you can get off on a tangent and find you never close a deal because you decide to venture off on to something else right after you have completed training on one strategy.  

Average guest will look at 10-15 rentals before deciding, so you have to find something to stand out and be remembered.

Now we can’t decided on the overall thickness.