Pinning this as our first deal teardown. A real DD package landed on my desk. 313-key upscale full-service hotel, Sun Belt airport submarket. Numbers are real. Property identity scrubbed. The 5-year operating story: 2022: $9.3M revenue, ($462K) EBITDA, 63.9% occ, $63 RevPAR 2023: $10.8M revenue, ($394K) EBITDA, 68.3% occ, $72 RevPAR 2024: $13.4M revenue, $12K EBITDA, 71.3% occ, $86 RevPAR 2025: $12.6M revenue, $207K EBITDA, 69.4% occ, $86 RevPAR T12 Apr 2026: $13.4M revenue, $501K EBITDA, 76.5% occ, $93 RevPAR The STR insight: MPI 128.8 / ARI 87.8. Filling rooms 29% better than comp set, charging 12% less. Classic rate-management value-add lever. The tax layer the broker's pro forma misses: At a $105K/key basis ($32.87M): - Acquisition cost seg → ~$1.3M Year 1 tax shield - PIP cost seg (~$11M of capex, 70% short-life) → ~$1.1M Year 1 tax shield - Form 3115 lookback if seller never did cost seg → potential 7-figure §481(a) catch-up That's $2.4M+ of Year 1 tax shield before operating cash flow even shows up. On a 35% equity check, that's roughly 20%+ of equity returned in Year 1 from the tax layer alone. Full breakdown with all the assumptions and math: https://taxlogiccre.com/hotel-cost-segregation-case-study-airport-full-service/ This is the kind of work the room is for. If you're underwriting a hotel deal and want a second set of eyes on the after-tax math, drop a comment or DM. Educational. Not tax, legal, or investment advice.

Are You Reviewing CRE Deals on Easy Mode or Hard Mode? Let's be honest for a second. Analyzing commercial real estate deals is hard. But there are two very different kinds of hard: 🔴 Hard Mode looks like this: → Reviewing deals that stop at NOI and cap rate → Missing the tax layer until after capital is committed → No visibility into cost seg, bonus depreciation, or after-tax cash flow → Watching a "good deal" underperform because the tax picture wasn't modeled → Wondering why your returns don't match the pro forma 🟢 Easy Mode looks like this: → Seeing the full deal picture — pre-tax AND after-tax — before you commit → A repeatable Tax Logic review process on every deal → Cost seg, bonus depreciation, and basis allocation modeled from the start → Broker-safe diligence questions ready before the first call → Knowing exactly what to ask — every single deal Here's the poll: Which mode are you currently in? A) 🔴 Hard Mode — I only see the pre-tax story B) 🟡 Somewhere in the middle — I think about taxes but not systematically C) 🟢 Easy Mode — I model the tax layer on every deal before committing capital Drop your letter below 👇 Here's the thing — Easy Mode isn't about being a tax expert. It's about not committing capital before you understand what you actually keep. That's what the Tax Logic Deal Room gives you. A repeatable process. Real deal reviews. The tax layer visible from day one. The room is free. The deals are real. ▶️ Join here → skool.com/tax-logic-deal-room-2608

This is the part most people miss. The tool is not the business. The repeatable workflow is the business. For my CRE tax work, the same idea applies: take an offering memorandum, extract the deal facts, apply a consistent Tax Logic review, create broker-safe diligence questions, and turn it into a clean PDF overlay buyers and advisors can actually discuss. AI gets powerful when it stops being random prompting and starts becoming a repeatable process. That is where the leverage is. Full breakdown here → taxlogiccre.com/repeatable-cre-tax-workflow

Most listings show: Price NOI Cap rate Rent roll Tenant summary That matters. But buyers don’t spend NOI. They spend what they keep. That is why the tax layer matters in commercial real estate. A buyer may need to review: cost segregation bonus depreciation basis allocation passive activity limits Form 3115 issues Section 179D after-tax cash flow visibility This is not about making tax promises. It is about giving brokers, buyers, CPAs, lenders, and investment committees better questions earlier in the deal process. Not tax advice. Not a valuation adjustment. Not a guarantee. Just better deal visibility. Full post: https://taxlogiccre.com/how-tax-logic-aios-helps-cre-listings-sell/

Tax Logic Deal Room Most commercial real estate deal reviews still stop one layer too early. Rent. Occupancy. NOI. Lease-up upside. That is the visible story. But serious buyers also need to ask what the deal may look like after the tax layer is reviewed. I put together a short breakdown on why some multifamily deals may have a second source of upside beyond operations alone: https://taxlogiccre.com/charlotte-multifamily-tax-analysis/ If you are looking at deals and only seeing the pre-tax story, you may be missing part of the real economics.