@Brandon WongHello, I put together a spreadsheet model a while ago for calculating IRRs on rental investments, as an attempt to capture comparable returns by discounting future cash flows (in REI you also hear about cash-on-cash, which is typically at a point in time), and it sounded like you are having a related predicament.

Specialized knowledge helps streamline operations and reduce risks.

The more knowledge you gain, the better positioned you'll be to make informed decisions.Your passion for real estate is inspiring, and I encourage you to continue pursuing your goals.

That can mean you will find some areas that are quite shallow and might not be as waterfront as you would like in times of drought.

Additionally, my extensive knowledge of the local area gives me a competitive edge over other investors.2.

When you buy determines your short/long term capital gains.The "in-service" date = The point in time when you can start taking depreciation from.

But, sustainable success in real estate is built on first of all a thorough knowledge of real estate principles, real estate law, and real estate finance.  

now that we know this companies name I suspect some of the SC agents will turn this company in and ask how they can do it while others cant/wont.Jay, do you see all of this regulation as cleaning up the swamp of fly by night wannabes  and resulting in greater deal opportunity for those with the capital, knowledge and experience to comply and profit?  

I'm a CPA and husband a financial planner so we're pretty focused and knowledgeable on the financial analysis and planning side. 

I'm not sure how to articulate it but, basically this bit of knowledge saves me a bunch of time and kind of surprised it hasn't come up in any of the books, articles, or videos I've been learning from.