I had just mastered the original deal analysis and was getting comfortable analyzing deals.  

Not a book but Robuilt series on YouTube by Rob Abasolo and AirDNA Podcast are great.

My family and I are originally from Cuba.

Originally posted by David Taylor:Originally posted by @Steven Hamilton II: Originally posted by Tony Bc: We (husband and wife filing jointly) are looking for a CPA.

This 30 day period begins on or after the original inception date of the policy.

This is most of the depreciation you are taking year one.You can calculate your depreciation recapture by taking the sale price of the asset and subtracting the adjusted cost basis.The adjusted cost basis is what you paid for the asset plus any improvements you made along the way minus the depreciation you took along the way.The profit above this original cost is taxed as a capital gain, but the part linked to depreciation is taxed at a maximum rate of 25% under the unrecaptured gains of section 1250.To recap the tax rates are:- Sec. 1250 real property: 25%- Sec. 1245 property and 15 year 1250 property: Ordinary Tax RatesThere are ways to minimize depreciation recapture especially if you know how to work smart with your CPA.1) Asset Valuation at Time of Sale - Sellers can minimize recapture by reallocating the price of the assets on sale.

This is more than enough to do PML's whether you originate or purchase from a broker is up to you.

Originally posted by @Deborah Burian:Ok, I wasn't spamming (I don't even sell anything I could spam) but I was pasting a "hi" message to new members THE SITE RECOMMENDED TO ME.

Improved the property from its original state What was the outcome?

Originally posted by @Travis Hill:I am reading a lot about property classes and how, who, and where are they determined?