Why is your STR in a 39 depreciation schedule?

We ran over schedule, went over budget , I paid additional carrying costs every month, and learned about significant issues later than I should have.

Long story short I was at least able to defend myself, invoke the general warranty in my deed, add a claim against the attorney for malpractice... and the malpractice carrier paid the item days prior to the scheduled foreclosure.To those who like to gamble and as I say to all buyers who decline owners coverage...

I’m looking at a 5-unit tomorrow that the numbers just don’t make sense on but we scheduled the showing before the listing agent sent the extended listing packet.

We also will have the schedule of values approved as part of the agreement so there is no conflicts later on.

Hi @Erik Dofelmier,If you are effectively communicating the property's requirements upfront before scheduling a showing and reaffirming those requirements during the showing, it appears that you are taking appropriate steps.

If they still want to schedule an inspection, go ahead and schedule that since you have nothing to be concerned about. 

Especially if you have a sheetrocker scheduled for the next week and you can't get your rough-in inspection to pass, it's a hair puller.  

You will allocate many of your deductions between Schedule E and Schedule A.

We have an eviction court date scheduled for one, and hopefully more will follow.