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Here's a few quick tips for you...Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/usersSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: https://www.biggerpockets.com/podcastIf you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

Firstly, i want sure if this is the proper forum to ask this question.Also, please pardon my ignorance with regard to these topics, I've only purchased 1 home so far, and am trying to assist my wife and her father.My father-in-law just told us that his house was written off a few years ago after some sort of bankruptcy.His wife passed away last year and he wants to start preparing his will.This was my wife's childhood home and she wants to try and keep the house in the family ..... which doesn't seem likely to me once her father passes, considering it was written off and they don't have the title.1.

Since this is the first time i'm investing in a building, i'm a little clueless as to what sort of CapEx expenses i should anticipate, unlike with the SFH i'm fairly familiar. 

It becomes the death of a thousand cuts sort of thing. 

I will be getting these items noted in the sale contract, but I am wondering what sort of depreciation schedule to follow (by the bye, this is a property located outside of the US, so will be depreciated using the ADS) : should they be depreciated over the full schedule prescribed in IRS publication 527 (9 or 12 years for most things, I think), or do they qualify for a different kind of depreciation since they have already lived a little.Thanks for any and all insight !

I have been interested in Real Estate since later 2019 but I am now very aggressively looking into select property.Here is what I found (referencing the Ultimate Beginners Guide at https://assets2.biggerpockets.com/uploads/user_file/file_object/1694/UBG_2018.pdf):As an investor you are required to wear many different hats, but you don’t need to (and can’t) wear all of them.

Just sorting through my options here.  

What sort of emergency are you thinking would require you to rush to the property?

I could even make the basement into my own living quarters and be sort of closed off from the rest of the house.Tato: Thanks so much!