The 2025 bonus rules everybody’s talking about apply to property placed in service now, not retro to your 2020 purchase.

*A few small habits — separate accounts, clean books, and talking to your CPA before year-end — can make a massive difference.Taxes aren’t about loopholes or tricks.They’re about getting organized early and using the rules the way they were written.Curious — when do you usually meet with your CPA?

ADRs are also compressing it seems from the data.Which cities are best to deal with when it comes to STR rules and regulations?

A broker license out the gate adds compliance, trust account rules, supervision duties, E&O costs, and liability with little benefit until you’re recruiting agents or opening your own shop.

Are there rules of thumb to estimate these costs ?

If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 4-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.

Which ever city you go with I'd recommend looking into a local landlord association as they tend to have insider knowledge of all the rules and regulations.

My rule: if cosmetics get you to your target spread quickly, take the base hit; if a heavy lift doubles the value of every rehab dollar and you control scope, swing big.

Use the math.at $2300 using 50% rule: $1150/month cash flow is $13,800/year.  

Practical path: confirm rules with the custodian, price the deal with conservative leverage, get term sheets from lenders who specialize in nonrecourse to retirement accounts, and decide if lending your SD funds to an unrelated investor is cleaner for your first move.