You didn't bad mouth your competition and it tells me a lot about your character. 

Yes, but you can only use bonus depreciation on the portion of the value of the property that isn't attributed to the value that came from the exchanged property. 

I really enjoy finding the character in these wonderfully constructed Spokane homes!

The many bad advice on this platform are mostly in part attributed to "AI" making everyone look smart but the few true ones like you would greatly benefit from a natural conversational interface tool that refers people to you for your quality advice.I remain a cautious, optimistic skeptic but open to embracing what the future holds.

I have not done a deal with him, but I have met him numerous times and feel he is a man of good character.

In this case, since the capital stack includes 70% debt, it's likely that some portion of the income generated by the preferred equity investment could be attributable to UDFI, potentially triggering UBIT.However, the preferred equity in your scenario may be treated differently from common equity, especially since there is no upside participation beyond the fixed return.

In answer to your original question, you'll need to run specifics on your total taxable gain and the character of the gain, 1250 recapture or capital gains.

“Simplify, simplify”, one of the many quotes attributed to Thoreau, is solid advice for the struggling new investors who I have spoken with.

So having a professional site with active social media is a key as it will indirectly attribute to the conversions and your brand credibility.  

Many successful investors can attribute their achievements to a cooperative partnership and a shared vision for financial growth.