Andrew, your lawyer was talking about a cost segregation study.It involves identify and separating short life assets from your new property basis and depreciating them separately, thus accelerating depreciation.For example, you can depreciate a 200k property over 27.5 years, ORUsing cost segregation, you determine that you have 20k in 5-year assets within the home(carpet, fridge, AC, etc...)You can depreciate the 20k in assets over the next 5 years and depreciate the 180k for the property over 27.5.

I wouldn't live there personally :wink: The house smells a bit funky from the old carpets and whatnot, but what makes a house not-liveable?

Blurb says it needs carpet and cabinetry, so no problem there.

I also had the carpets professionaly cleaned.

One unit needs the carpet replaced.

It needs carpet in the whole house.

If it is a carpet and paint job they will do that in getting the property ready for sale.

(radiant floor heat is absolutely not in the budget)I personally abhor carpet, and I'm sick of laminate plus it may get moist.

I can do a lot of the rehab work myself (except for HVAC, carpet, roofing) and I have a contractor to tackle the stuff I feel is beyond my abilities.Am I going to have any luck finding a lender for a manufactured home?

Destroyed carpet and huge flea infestation.