Purchase price: $245,000 Cash invested: $80,000 I served as the buyer's agent acquiring this property.

Quote from @Salvatore Ross: When it comes to finding the perfect property to manage/co-host, what’s on your must-have list? 

A prudent investor doesn't seek quick riches through shortcuts.

Check with your CPA, the people setting up your LLC and/or your QI. 

Then more issues started to pop up over time. 

I'm so glad you brought up trash, totally slipped my mind in my eval.

Form 3115 allows you to restore the fairness in this situation and "catch up" with the remaining $30k of depreciation that you failed to take in the years past.

Everywhere I turn all I see are pitches for affordable housing and the same (not so) compelling arguments regurgitated by syndicators, capital raisers, brokers etc. for the investment strategy....strong returns...lower volatility....supply (huh?)

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

In a previous post, I discussed the difference in each of the most common cost segregation study approaches.