It allows a substantial portion of the asset's cost to be deducted in the first year of service.In 2023, the bonus depreciation rate was 80%.In 2024, it's 60%.In 2025, the rate is set to 40% unless the new administration changes it.COST SEGREGATION:Cost segregation involves dividing a property into its individual components for tax purposes.Some parts age faster, like carpets or paint.Your CPA can use this info to more accurately depreciate elements of your property leading to potential tax savings.BASIS:Your basis is the initial price that you paid for your property, including any expenses or improvements.Knowing your basis is crucial for tax purposes, as it's used to evaluate depreciation & determine the capital gains or losses if/when your property sells.LAND VALUE:This is how much your land is worth without any buildings or improvements.Land doesn't get old like buildings, so you can't depreciate it.

A lot to me would depend on who had pets, the previous tenant ?

did this happen to MORE of US, OR just ME????

Given the lack of activity / buyers in the market at this time with rates, would you reccomend holding and renting it until the market is better to sell in? 

Let's keep in touch.".I thought we ended on our working relationship on great terms.

If you’re overly attached to a rental or a feature of it you’re going to have a much harder and more stressful time as a landlord.

I currently don’t invest in Milwaukee, I focus more on cities outside of Milwaukee.

The SELLER says no matter what there is no refunds on any of the money under any circumstances. 

If 100k ARV and 600 sqft, I would think you will be in okay shape with this one.

We are paying $3,900 in mortgage on this home, which is a lot for us.