Harvesting your PALs is generally more of a benefit for folks who invest in syndications or if your buy and hold property is a large building and your hired out on a cost segregation analysis...as both of these scenarios will lead to huge accelerated losses in the first year.The traditional tax friendliness of RE comes into play because of depreciation which is an expense that does not affect your cash flow while you hold the property.

We pulled out the old mouse infested pink fiberglass.

You don't understand the early signs of scours or pink eye, etc. 

One interesting thing is that the market value of the land generally does not go down after the TDR credits have been "harvested."

I would get rid of the pink curtains in favor of some burgundy hunter green plaid like mine, :)No, really, I'm behind Carrie on this, especially the darker stain, might see what thick smoke glass shelves look like with the wood sides, change the hardware.Don't mess with those beams, they look good IMO.I wouldn't paint paneling, there is a thick paintable textured wall paper to use over paneling and then paint it.

Or you can use Duncan Wierman"s lead harvester softwarefor free.

They harvest some mice and think they are done.

My dad had to do that for an asphalt plant they were putting up for his company and the harvester only allowed to take 2 loads a day to the mill because of the abundance of pulp wood and the lack of value, so for him he got it cleared for free and the guy took the wood off his hands no money to either party.

Pink has an empty briefcase, market value $50.

But, after that, know when it's time to harvest and use some of that wealth, and know what kind of investor you are and portfolio you need to actually achieve the lifestyle you set out to create in the first place - one likely where working is optional and you feel you have earmarked dollars being generated and usable from your portfolio to spend on your lifestyle..