You can read the whole saga and a roundup of the many different accounting and property management platforms I looked at over at my original post.

This is not a "real estate rental income" activity as defined by the IRS, so whether you are a REP or not, you can take this benefit.All of this is separate from a QOZ Investment, which would require you to first recognize a capital gain from another source (say a stock sale), invest that gain, hold it in a Corporate or Partnership structure (likely partnership), meeting the substantial improvement qualifications of being a QOZB, and then yes, you get to avoid the depreciation recapture at the end of the 10 year hold period, at least for the portion of your investment attributable to the original gain that you invested in the project. 

The LTV ratio also dropped to 70% from the original quote which was 75%, which impacts the cash-out amount.

Quote from @Devin James: @Jon K.The average return is not the same as an annualized return, as it ignores compounding.Your calculation takes compounding into account.https://www.investopedia.com/terms/a/averagereturn.asp#:~:text=Key%20Takeaways-,The%20average%20return%20is%20the%20simple%20mathematical%20average%20of%20a,return%2C%20as%20it%20ignores%20compounding.Links to the formula for ARR, which was the subject of your original post unless I misunderstood you.https://www.investopedia.com/terms/a/arr.asphttps://www.adventuresincre.com/glossary/average-rate-returnhttps://www.highradius.com/resources/Blog/accounting-rate-of...

Originally posted by @Brian Garrett:@Bruce Woodrufffloors need refinishing they are hardwood, but I do not know if they will all need to be taken up for the under house work?

If X later sold these shares for $25.00, they would subtract the original cost basis ($10.00) from the new sales price ($25.00) to establish the taxable capital gain ($15.00) on the stock sale.

I am looking to cash out refi however my current mortgage servicer has high origination costs to do the refi.

I have one at 15.375 with no origination fee.

Anyway, I did not mention or call you out personally on my original post here for a reason, and now I’m done and no additional response is warranted or will be made on my part (mic dropped).

Originally posted by @Darius Ogloza:Simple test.