This basically releases the one moving out and the security deposit stays with the property. 

It is fairly basic compared to other changes in accounting method.

Basically just doing only the necessary and putting all appliances myself.

from your comments above I also think there's a basic misconception/misunderstanding of fundamentally how negotiation works in the open market, and that again is likely an area an agent can help you.

Basically took a mortgage in 2005 for $520,000.

After you get some basic information from there, you should use the enemy method to identify how well competitors do in the area. 

., Chick-fil-a, Wholefoods).B-Class areas often feature Walmart and Dollar Stores.C-Class neighborhoods usually have fewer amenities and more basic stores.Schools:A-Class areas may have access to better private or charter schools.

another stupid law/idea.But that all said RE values are still basically holding within 10% of their highs..

If you are the lender that is providing the financing, then it really comes down to the flippers experiences in that market, and some basic understanding of the scope, current and ARV of the project.

I reviewed this with my cpa on an asset and was told basically when we do sell it and say we took $100k depreciation we would pay taxes on that money we took as depreciation.