For example, most real estate deals throw off significant depreciation which can provide a very nice short to medium-term tax shielding benefit.

Throw in a few nice touches, like coffee or board games, to wow your guests.Keep extra linens, cleaning supplies, and essentials like toilet paper handy so turnovers are quick and easy.

The location you're referencing will likely require substantial rehab capital.There may be some out of state investor who hears NC and throws their money at a portfolio, but this feels like it'd need to be cash transaction.

The greatest profits are in properties that can be repositioned to a higher and better use, or appreciate the highest over time, or will throw off a TRUE cash flow of 20% per annum on total investment (cash + debt + capital investment). 

would be interesting to hear how "bottom-of-the-barrel" these questions can get lol(I can also hop on the phone sometime and chat throw if you prefer and are open to that)Getting neighbor signatures could be fantastic!

You can do this simply by changing your bedding colors and the colors of accent items like throw pillows and towels. 

Other asset classes aren't so the depreciation schedule may not be as quick/beneficial.2) And it is even possible to find deals that are what I call "super-shielders" and which not only shield all the distributions in the investment but have extra to use over on other real estate investments that are throwing off income. 3) Unless you're doing a 1031 exchange  at the end or similar tax structure to defer taxes, you will have to *pay back* all that depreciation benefit at the end (on sale...which for you is in 5 years)  via depreciation recapture.

Yes, we will be able to live in our own house and not throw away our money in rent, but we will lose all the cash flow because we will need it to cover the primary residence mortgage. 

If you can reasonably throw up a new wall and closet, turning a 3 bed into a 4 bed, that is a great place to start, but only if it works for the property and you have at least 2 full bathrooms.  

Same here, I doubt he did anything to such degree intentionally.If anything, it was an honest mistake like so many of us make.It's a shame tho that the Fed nowadays can throw the book at you and consider almost anything a RICO, tax fraud, wire fraud, etc...