As long as the study is completed before you file your tax return for the year you want to claim the benefits, you can take full advantage of the accelerated depreciation.For example, if you placed a property in service in 2024, you can conduct the study anytime in 2025, as long as it's completed before your 2024 tax return filing deadline.April 15th for individuals (or October 15th with extension), or March 15th for partnerships and S-Corps (September 15th with extension).

My initial interest was in rehabilitating distressed properties, but I've found that land flipping and home wholesaling offers a more accessible entry point with fewer financial barriers and less emotional complexity.I'm pleased to join this group and look forward to networking with fellow professionals, expanding my knowledge, and contributing where I can be of assistance to others.Best regards,Samir Kaouche

Once they transferred the home into an LLC taxed as an S-corp or partnership they broke 121 rules.Section 121 only applies when the individuals own and sell the home.

They are a large company that has buying power and a network of contractors realtors and others to do the work. the owner, Zach also here on BiggerPockets and has a stellar reputation for customer serviceFor cons - people will view some companies in a negative light because of this, but the reality is the individual who is thinking negatively is typically inexperienced and doesn't understand the businessbut....this is a reality as someone who has been in this space for almost 30 years.Contractors realtors, and others one day could be an A player and do great work.

That hurts and is hard for an individual small single family owner to compete with.Most of the new apartment construction is ending now and as soon as those get leased up, I expect we'll be in better shape for rent increases maybe into the spring and summer.I'm suggesting to all my rental owners to do everything they can to keep the current tenants happy. 

Setting up a new LLC for each flipping project is a common approach to limit liability, but as you mentioned, it can get tricky with all the bank accounts and bookkeeping.One option to simplify things is to set up a holding company (LLC or C-Corp) to own the individual LLCs for each project.

Job growth was concentrated in healthcare, social assistance, and leisure sectors, while manufacturing and federal government employment declined.Markets reacted positively to the report.

How many of us would like to have 500k LOC with a wealthy private individual and we can draw down on it anytime we see a move worth making? 

Does anyone have any recommendations for a realtor or wholesaler that could assist me with this.  

If I'm not mistaken, the military exception of Section 121 states that an individual can, "Suspend the 5-year period for up to 10 years during which they are on qualified official extended duty."