Sketch out a floor plan, with pictures, that illustrate building.

. ;-)I certainly wasn't meaning to brag about a 'deal', just illustrate the point for WIlliam, whom we seam to have lost.

A small business is not required to adopt GAAP, but what the IRS requires if such accounting practices are not followed is any system which accurately illustrates the business transacted and done so in a consistent manner.

There are series LLCs that, for the sake of illustration, are akin to a tree. 

Allow me to illustrate...#1 - Easy to answer, ask to speak with previous investors in past projects that have been successful with them. 

It's no secret that New Jersey is one of the most diverse states in the union, but numbers and charts often don't illustrate exactly what that means very well.

Is there a graph which illustrates this somewhere - something which shows that if you sell house in year 5 vs year 10 vs pass it on to heirs what happens to taxes.Thanks so much

This is a lot better question than how to charge a late fee or what holiday gift to get for a resident.Well thought out plan and this illustrates one of the huge benefits of commercial real estate, even at lower prices than discussed here.I am not qualified to answer but your 20% appears rightfully conservative and your $7.5 million appears correct.We all come here for answers and I typically don't like the "see your CPA" replies but there are tentacles into the rest of your tax return that may need to be factored in if you don't offset or defer the gain and recapture (phase outs, AMT, etc.).Not part of your post, but another good use of cost segregation plus bonus depreciation plus real estate professional status is the possibility of performing a tax free Roth conversion...just brilliant...tax free in, tax free out.

And the point of this is to illustrate the real danger with the eugenics of liberalism.

I think cute in a description illustrates a lot of problems.