The more repetitions you get early on, the easier it will be to recognize a great deal when it comes your way!

The minute someone questions my age let alone my credentials and skill level they are usually a waste of time.Move on and work with people or opportunities that understand and recognizes the value you bring to the table.

@Kevin RowghaniGenerally no gain or loss is recognized upon contribution of an asset into a partnership. 

More luck than skill for sure, but I like to think I recognized the head wind causing my decision to sell and take the profit.

There is a subtle meaning which the statement does not fully capture. 1 point for the agent to recognize some differences.

Because in tax law, some expenses can only be recognized for 50% and sometimes none.

I used live in Westchester County, I recognize this type of homes in an old neighborhood. 

Almost everyone who makes money in this market recognizes that it is a 2 step process to acquire and then raise rents to hit a return/cash flow.

Learn how to recognize success. 

So in other words, given the factors stated above are true, would my bonus depreciation that I can recognize in year 1 be $7MM X 20% = $1.4MM instead of $2MM?