The study identifies with forensic engineering detail the immediate Bonus Depreciation 5, 7 and 15-year personal property class lives qualifying portions of a building that are normally buried in 27.5 year residential or 39 year commercial categories.The Cost Segregation Study was performed on the Asset Depreciation Range (ADR) and is based on a 40% tax bracket for State and Federal Taxes.

If the original property is in your name, the new property must also be in your name to qualify.

Hello Salvatore, per the BOI Small Compliance Guide v1.1:2.4 Who qualifies for an exception from the beneficialowner definition?

That said, long-term the appreciation you get in the Puget Sound region is superior to many other markets, so assuming you find an excellent property management company that is able to screen tenants and only put in very well qualified, vetted occupants and you experience limited issues over the holding period, you'd likely come out ahead retaining the Mill Creek property if your financially able to do so and still buy wherever you are headed out of state.

Also - I dont want to be tied to having to provide CHA housing only. is there a provision in Chicago area for those who are CHA authorized landlords, they can choose not to do that (even while actively qualified?)

I ended up having a more qualified person apply.   

In some areas 1/2 - 1 months' rent is paid to any agent that brings a qualified tenant.

Hopefully you have other, better qualified applicants to go with or can deny this couple on something else (credit, income) so you don't have to deal with their nonsense.

One issue is the challenge of qualifying, as conventional loans will have DTI requirements, income requirements, loan size limits, and loan amount limits that investors looking to scale a portfolio run into as soon as the financial freedom snowball starts rolling.

Any kind of real estate qualifies and it can be in any state.