For sales of depreciable real estate, a maximum federal rate of 25% applies to the portion of gain attributable to your depreciation deductions.

Sounds like "diligence" is a worthwhile attribute.

Many times, this can be attributed to varying situations (eg. contractor was booked when you closed, did not have financial means to carry a 2-draw streamline/limited 203k construction note).  

How much business was directly attributed to it?

All of the attributes of a great buy: expandability, ease of maintenance...I am planning to do some cosmetics, that's all.

When you physically look at a MF property what attributes do you look for?

., MIDDLETOWN, OH 45044-9682Case # : CV06093114 Appraised: $162300 Starting Bid: $108200-------------------------------------------------------------------------------------PROPERTY REAL ESTATE DESCRIPTION LIBERTY TOWNSHIP, BUTLER COUNTY, OHIO RELATED NUMBER D2020-146-000-059 REMEDY 185,727.89 Case Attributes Number CV 2006 09 3114 Status Closed Filed 09/01/2006

It's developed as it can get, and either side of the parcel are already developed.Here are the expenses:Snow removal - $20 per snow fall (seems concerningly low)Lawn care - $25 per week (seems about right considering there's very little grass)Insurance - costs her $1600 a yearTaxes - $8100 per yearWater/Sewer - $175 per monthShe acknowledges her rents are very low, but attributes her 100% occupancy rate to the low rents.

Then each partner gets a K-1 showing $1,000 profit attributed to him or her.

The gain attributed to the investment side could be north of $300K.