Those effected go well beyond the property owners, the economic contribution of RE and subsequent economic loss in the form of: management, maintenance, landscaping, caretaking, hospitality, tourism, contracting, designing, pools and gardening is economically catastrophic and will reverberate well beyond specific zip codes.

Let me know if you need help with specific tools or anything else.

Do you have specific numbers to share with the forum, particularly with respect to your in-laws house?

Market Insights: Are there specific neighborhoods or property types in Philadelphia that I should target as a beginner?

In US tax law, the depreciable lifespan of an asset is defined by its MACRS classification which stands for “Modified Accelerated Cost Recovery System.”Under MACRS, depreciable assets are assigned to different classes, with each class having a specific recovery period.

It's definitely one of those issues that is very specific, and would need to be worked out with Planning.

You need a local/state specific lease.2.

Speak with a CPA specific to real estate to get assistance.As others have mentioned, cost varies depending on location. 

It should be a tool used by experienced parties in specific scenarios.

While the forums here may be helpful, those forums are private and specifically for LPs of any syndication deal, that niche group may have more expertise for you in this situation.