I just put two long-term rental properties on the market that we rehabbed in desirable area of West End Boise and demand is a little lower than expected.

I don’t actually expect @Amanda Han to have an answer for someone else’s tax situation, but it’s something I’ve been curious about for a few years. 

The partial claims are always way more than people expect and usually leave them upside down.

At the end of the day, you need to underwrite this property based on the cashflow it is currently creating and possible "stabilized cashflow", then back into your purchase price based on the returns you want to hit.I.e. if you are wanting to make 20% CoC returns day one (your expectations are pretty unrealistic), but it may only be worth $250,000.  

By default depreciation is straight line taking a flat amount per year based on the expected life of what you are depreciating.

Because if he makes this loan with no desire to buy the building he doesn’t deserve to lose his money but he should expect to.

Overall, I would say this: don't expect wholesaling to be an easy road to make a windfall.

Do you expect wildcatters to show up in your backyard? 

I would expect liquidity is limited.

Final appraisal came in way higher than we expected and made $57,000 after paying ourselves back and hard-money lender.