Since the IRS assumes everyone takes the deduction, they add it back into your taxable income when (if) you sell depending on what year.When you calculate depreciation (virtually all tax programs do this for you), you work off the basis of the structure only.

My issue with LV is that there is virtually no barrier to entry for developers or builders.

There's a little bit more leg work to be done. 3D virtual tour is typically a must, as you might get a long distance buyer who can't preview the property.

I'm currently stationed in Italy, so that cup of coffee might have to be virtual or on a visit to see the parents.  :-)My Best

Welcome to BP @Ashlan Love You will find BP can be one big  virtual mentor.

Some take commercial breaks and pitch stuff like hard money lenders, business credit, virtual assistants, landlord services, deal partnering, websites, marketing services, home security devices, etc.

The next option, which is slightly higher tech will have you finding them virtually.  

As a virtual investor I would be happy to do all I can to get deals done, possibly in a joint venture structure.

How I got started is easy: I saved all my money, hustled up income everywhere I could, didn't spend extravagantly on consumer goods, went to college, got a better paying job, saved more money, learned how to do/fix/install virtually everything. 

Hello Everyone,Some of you may know me from my world famous thread i started a while back giving away free lists to telemarket & mail on. I got mixed reviews and like anything else, there are lovers & haters. ...