But if you do that the right way then there is a big fat paper trail to the mortgage fraud.  

Now our goal is to refinance those properties before the end of the year so my banker can get a big fat bonus and I can get out of high interest.   

However, the rule is actually that you must correct the calculations in the year the error was discovered.So advocating a willful blindness to the depreciation during ownership is one of the best ways for your client to end up with "willful disregard" penalties as well as a fat preparer penalty.Run from this person. 

No fat cat in CA with a credit card can out compete you standing on the door stoop of a seller!!

appetite for riskYou can absolutely get a job in RE but keep in mind that it is a cyclic industry where you have to be entrepreneurial to survive downturns, especially times like now when a lot of RE firms are 'trimming the fat' (true in general but even more so in RE)If you're dead set on a W-2 in RE with a good (it's relative, compared to tech, W-2's in RE aren't nearly as exciting) salary and stable, try looking at working for a developer maybe as an analyst.

I'm mostly concerned about a guest inadvertently down cycling it and putting it into economy mode which turns the heat down low, (which I fat-fingered by mistake on our hot tub when we first got it...) 

Which I am neither Too many good deals with lots of fat on the bone for me to get into major rehabs  

As the saying goes - hogs get fat, pigs get slaughtered.

After the "buy-out" me and my partner owns 95% of the deal.Our typical structure is70-30 (GP-LP) with 6-8% preferred (debt) because our deals have big fat margins, and sometimes, we don't even give up equity just straight debt.I totally agree with you and I am glad that you get it. 

But depending on the size of your business its should definitely by a open discussion with your team on where you can cut some fat.