Depreciation is Calculated by taking the assessors: Land Value/ Total Value =(X) * your purchase price = Your land Value Example: You paid $400k for a house Assessor Values: $290 total value, $200k building, $90k land Building = 69% (200/290)Land = 31% (90/290)So your depreciable building value would be  = $276k ($400 * 69%) Imp/Building Value/ Total Value = (Y) * your purchase price= Your depreciable building value (note you add in several closing costs and other to the purchase price here)If you had an appraisal done- it likely provided you with a building value.

@Alice Tierney I'm not in your market BUT generally if you have a fresh coat of paint and new flooring along with a clean unit I've found that you can really set yourself apart from the market.

Your taxes on sale are NOT based on the cash received at the time of sale.Continuing with your example, lets say that you've also taken $100K of depreciation. 

For example, any meaningful analysis has to deal with the Installment Land Contract Law ("ILCL").

I've been looking at working examples out there and it looks like the property management % does not pull from other income such as laundry, vending, parking, etc.Is this true?

For example, I bought a deal for 685k that had an arv of 1.5 to 1.6 million.

For example, a property manager would come into play once the property is purchased and there are tenants in it. 

For example I am local to San Jose Ca and when I go into search local forums it pops up and I can follow it. 

For example, why buy an asset with 6% return that is full of risk when you could buy a 5% bond with zero risk? 

Hi all, I pulled a Pending Foreclosure list from my county's web, however I don't understand some terms and no one in County is willing to explain that to me. for example, there is a property, the original Election Recorded was 8/17/17, for the same property the Orig.