So, I would try to get him to do a 12 month loan with the understanding it may be shorter.

I'm all for Jay hosting the next one . . . a trip to his office is a much shorter drive for me than North Portland.

Might be tough to do this without a cost segregation study or a specific allocation in the purchase agreement, but definitely depreciate over shorter lives for these type of items you purchase for the unit.

And like others here have said, I hear the tenants stay longer and the houses stay empty for a shorter time with a garage.  

Master Lease where I rent to own (similar to the sleet financing deal, but potentially shorter term, likely a year) Now that I know I have some options.

Jim Beam is shorter, take your pick, JD or JB.

I have heard 2 years but am wondering if a shorter time frame, like 1 year, would be acceptable to the IRS.Thank you again, everyone!

-Can be blocked by lender at any time without notice+may have a lower interest rate+only pay interest when taking the money+interest only if not locked-shorter term if locked (i.e., you want to keep the loan in place while you hold a property)-Usually higher rate when lockedMortgage+more commonly available for investment properties than lines of credit-pay interest starting at closing+locked in long term money, good if you're using this to buy something to hold+no locking or callingI think a line of credit makes sense if your going to pay the money back fairly quickly.

I used to think the shorter loans were better w/ better rates, quicker eq buildup, etc., but the cash can be used to grow quicker and the longer terms allow more CF.

Done.Do you want to be involved with shorter term investments?