You don't catch bees by chasing them.

I can't catch a break.

The only catch is the location.

Remaining tax would be total taxable gain less depreciation recapture less PAL carryforward (from "unused" depreciation expense)Alternatively, could I not depreciate the property (which i did not do for the past 2 years in error and need to file amendments) and file a Form 3115 (application for change in accounting method) in the year in which I sell the property to catch up and claim all the the missing depreciation all at once?

I know with a VA loan there were some "catches" to the loan itself.

The catch is that I will need to live in whatever property I pick because I am getting a 3.5% FHA loan.

What's the catch?

Your contractor either does not have a good electrician to catch the electrical issue.  

We ride the wave for a little while and then we get off and catch a new wave.  

Often times people will have the best intentions of catching up on rent, but can't for whatever reason.