So let's try to break this down for you.In a nutshell, depreciation recapture happens when you sell an investment property for more than its adjusted basis (the original cost minus accumulated depreciation).

Unless you are a child and moving into the property, it will get a property tax adjustment.  

A fair amount to agree upon although I foresee a few major looming modifiers that I predict have a high degree of likelihood in happening that have strong influence in adjusting markets. - The correlation of erosion to buyers purchasing power in monthly mortgage payment (increased property tax's, property insurance, HOA fee's) is a factor I see counter acting a slowly declining interest rate, making for a ~net-0 market activity environment on YOY volume metric. - Leading into home stretch of POTUS election cycle, the above may be a strong catalyst to press the deployment of a stimulus offering in form of home buyer empowerment

Ooops lolFor example:75% of tenants pay their rent online.Others mail a certified check to our office.Showings are virtual and automated.In-bound calls have been slowly eliminated over the years and a lot of our operation is conducted through email and other platforms.There is almost no need to visit the office.Looking to automate and virtualize even further but we still like having an office as it's good for camaraderie so will keep it that way for now 🤓 

Also, I know someone who shows up knocking on a door with certified checks for certain situations.

We do have access to a HELOC on the property which we leveraged to purchase our current primary residence (balance borrowed has been fully repaid at this point) but we would rather not pull that lever to roll into a new property given current interest rates and the adjustable nature of the HELOC. 

I understand it taking 30 days max to clear accounts but after tying to contact you and providinga detailed list, I still have not heard from you.The total owing is $ 00,000 and this a 7 day notice to payor I will be contacting the state attorney general to requestthey investigate you for fraud, which obviously is a very seriouscharge and of course will interupt all of your operations.We can avoid this action by my having, in my possession,good funds by close of business, 14 days from the date of thisletter, allowing for mailing time.Plese make check payable to : "Good Guy Rentals"                                                1234 Apache Dr                                                Yuma, AZ ZipI look forward to a speedy resolution and I mean business.Regards,Sueemail addressphone numbercc: attorney general state of Ohio (file)Try that: send it certified, signature required, USPSStep 2.

That is something that will take a little adjusting to - that respect!  

Your gain will be Sales price less sales expenses(Commissions, closing costs) less Adjusted basis.Your Adjusted basis will be Purchase Price plus Improvements less accumulated depreciation.Depending on how you categorized the improvements / furnishings will determine how you will calculate your gain.If you already took depreciation / expenses for the furnishings, you can't also count it towards basis to reduce your gain.Best of luck.

The market is currently experiencing a period of adjustment, with a slight increase in apartment vacancy rates to 7.3% in Q4 2023.