How does one find a "discounted property".

Most people just want someone to answer a call and immediately sell them a house at a discount.

I mean, you might not mind this sudden discount, but would not you get suspicious about the rest of her numbers now?

Some examples of this would be 1) depreciation calculations such as switching from straight-line depreciation to accelerated depreciation (often used for cost segregation studies when not performed in the year placed in service), 2) income recognition, and 3) inventory valuation such as changing from LIFO to FIFO.Correcting a mistake: If you realized that you used an incorrect accounting method after you filed your tax returns, you can file this form to request permission to change to the correct accounting method so that your tax reporting is accurate.Here’s a chart that you may find helpful when deciding whether you need to amend your return or file a Form 3115.As always, I recommend consulting your CPA or tax advisor as the rules can be complex.What is your experience with filing a Form 3115 or amending your tax return?

It used to be much easier to find properties that were discounted for condition.

We just closed on an all cash purchase via an SMLLC of a SFR at auction (at a healthy discount to market due to distress) that we intend to use as an investment property, and we're looking for guidance on the best strategies for pulling as much equity out of the deal as possible to roll into another property (identified but yet to be purchased).  

I understand they serve as a benchmark when calculating the discount rate but I see people try to predict them on a 10-year basis which seems incredibly difficult for first-time investors and ultimately, we never know what they will be. - Adam

All your best Financing and Discounts and you can learn everything with HUD.

Personally, I would have the tenant direct deposit the funds straight into your bank account so neither of you are paying fees.I recommend two accounts: checking and savings.

It will be negative cash flow, but does the equity created by buying at a discount make it a good investment?