That program works really good if you live in a populous market where the clientele is more affluent then it works like a charm.

Metropolitan Statistical Areas are by definition large and encompass great swathes of regions and whilst this information is useful background information, remembering that one of the distinguishing features of the Real Estate Asset Class, as compared to other classes, is it's highly segmented character.The most profitable ( and some would say, risky) revenue streams of RE is appreciation and that's what you're trying to determine when you are looking for how to determine which stage of the RE cycle an area is in but within Sarasota, Tampa and Jacksonville for example, are a myriad number of micro-markets that could provide an asset that over the next 5 years would create a huge loss or a huge gain based on the characteristics of the micro-market.

I know it's overused advice, but painting the front door a bold color on a house that style adds a lot of charm as well.

Even with the cosmetic updates, the New England charm is still there.

I cant thank you enough to all of you...I dont will lie: I Love the property location location location plus a real charming one!

Or does the safe harbor only apply to items that are purchased after the encompassing real property is placed in service?

Or it could be I turned up the charm while on the call. 

While it's certainly not all encompassing, it does provide a great place to begin discussions with your tax advisor.

And they usually demo all of the craftsman charm in favor of the standard modern farmhouse flip style which should be illegal.

Believe me - it works like a charm.