Through strategic reclassification of assets, the property owner was able to claim additional deductions of $215,000 in the first year alone.

Actually, I did a cost segregation on a 106-unit property I own, and even though we could only claim 80% of the bonus depreciation last year, it was still a big win for us and our investors.

Can you claim both as your residence?

CA recently passed statewide anti squatter law (sb602) and a couple years ago passed a law to try to prevent bogus ESA claims (ab468).  

He claims to manage $500 million in assets.

If you take on the assigned debt and make a genuine effort to collect it, but it remains uncollectable, you may be able to claim a loss.

My point about your father-in law merely relates to how his insurance carrier would likely respond to a claim- coverage would likely be denied.

Imagine someone claiming to receive $2,000/month in rent, maybe even have a lease and deposits from a family member to make it look legit, but then the market rent is only $500/month. 

. § 5876).Under the state's Municipal Claims and Tax Lien law, some counties provide a nine-month redemption period during which you may redeem the home. (53 P.S. § 7293).

For years, there have been claims that short-term rentals take away housing supply from renters and homebuyers and, as a result, inflate rents and home prices in nearby areas.