And you'll only realize the gains after you sell it or refinance and pull out some equity.  

I didn’t realize it was so out of whack.

I also set up my new corp and got a call from 1800acct pitch sale was great seemed like I had a great company working for me, after first phone meeting w my accountant I realize i made a big mistake , they tried to charge more for any variables I had , I got the year deal paid in full and they run away with my money they didn't reimburse a penny total ripoff guys!!!

I'll personally benefit if it is for the current year (anticipated increase in income), or is the benefit to be realized only for the actual year it was placed in service?

@Mike Dymski I understand what you are saying but its not a gain until it's realized.

Also realize that the taxes on the unit that you are basing your purchase on - are the current owner's taxes.  

You make your money on "The Buy", and realize the profit on "The Sale". 

You have to realize that real estate is cyclic.  3-5 years ago it was at a low for prices and interest rates.  

50% of any gains realized when you sell?

I realize I’m fortunate enough to count myself among them.