We are currently breaking even on the property before depreciation expense (we are holding on to the property b/c it's in an area where the appreciation is high), can the "unused" depreciation expense be carryover as PAL to be applied against capital gain when we sell the unit later on?

Our general contracting business is in a HCOL City (one of the hottest markets in the States), and we are doing better than we expected, and my partners now want to transition into real estate investing.

That's something that I've thought about doing, but since we are planning to scale this business up in the coming years.

However, we are on a time crunch.

We are from Portland, Oregon and have honed in on the Spokane, Washington and northern Idaho area. 

@Derek BaileyHey add me since we are both new.

What concerns me is that we are nearing the end of selling/renting season, which usually comes to a screeching halt at the end of October.

If we are in danger of not having enough cash to cover our expenses, then we as owners add more of our own funds to the business and increase our equity, or obtain a loan to cover the need.We currently receive our rents through regular post, mailed to our local USPS office (P.O.Box).

I can’t sent it as an attachment to you on this site since we are not connected.

When I get them it's awesome because they're usually one guest per room and barely add wear and tear on the home.