For anyone who knocks, what does your pitch sound like? 

Probably doesn't sound like a great answer for the moment, but time has a way of fixing that.

Doesn't sound like your home office is your primary office, if you have an office at your W2 job where you spend 40+ hours a week.

- refer to the original depreciation schedule but "pause it" so that I pick up depreciaiton as if no years had passed in between rental use (this doesn't sound correct, but it's an opinion I've come across in my research)- start fresh and ignore the previous depreciation schedule, picking the lesser of an adjusted basis (original home purchase value minus land value + improvements) or fair market value minus land valueI have spent several hours looking at IRS publications and searching forums with mixed or no advice.

Sounds like to me you will be lucky to lose a little bit of money each month.

You will need insurance in the name of the partnership (LLC) and it sounds like this is a new partnership so anybody that owns more than 20% will have to personally guarantee any bank loan.

Hey Peter,Sounds like you got a great plan.

@Brian GarlingtonWow, Brian, this sounds good!

HI Alex, sounds like you went through a similar experience.

Hi Teesha, Sounds about right.