And in regards to getting educated on the the laws, I assume the best route is to link of with an attorney who has experience with these types of transactions?

Buffalo investment was not sold by Grocapitus (Shown to be untrue by providing a link to grocipitus site with link to prospectus).3.

The original investment was a bond?

Just like bonds & stocks, different properties will have higher & lower risks.

Did you know there's a proven link between cat ownership and mental health issues?

This is most of the depreciation you are taking year one.You can calculate your depreciation recapture by taking the sale price of the asset and subtracting the adjusted cost basis.The adjusted cost basis is what you paid for the asset plus any improvements you made along the way minus the depreciation you took along the way.The profit above this original cost is taxed as a capital gain, but the part linked to depreciation is taxed at a maximum rate of 25% under the unrecaptured gains of section 1250.To recap the tax rates are:- Sec. 1250 real property: 25%- Sec. 1245 property and 15 year 1250 property: Ordinary Tax RatesThere are ways to minimize depreciation recapture especially if you know how to work smart with your CPA.1) Asset Valuation at Time of Sale - Sellers can minimize recapture by reallocating the price of the assets on sale.

I suggest you enter private money goldmine in search botton at top right of the screen and read the previous posts....here is one that gives good perspective as well as a link to legitimate private lenders.http://www.biggerpockets.com/forums/92/topics/1488...

You will easily find link minded folks to chat with. 

This implies your return numbers are inflated.  

A link to FilePlace is at the bottom of every page, making it easy to find.If you have technical issues, email [email protected], and someone will help you.