@Marysue Connelly, The 1031 specialist you spoke to may have not had the entire picture.The regulations of 1031 require that the tax payer for the old property be the same as the tax payer for the new property. 

Sorry to be late to this post but if you are seeking section 8 tenants make sure to comply with section 8 regulations when doing your screening and when drafting your lease.The same is largely true for Veterans Affairs Supportive Housing (VASH or HUD-VASH).

If the work is done after the tenants are placed, it is already in service so you would begin depreciating it immediately.Without looking at the the costs of replacing the siding with vinyl (and other costs relating to the property), I am going to make the assumption that the work does not qualify for any of the safe harbors under the repair regulations and thus would have to be capitalized. 

Everything is regulated through deed restrictions. 

I have learned a few things: Lagoons work well, but are more regulated than package plants or city systems. 

Hey @Mindy Conant ,Finders Fees and referral fees are state-regulated by the Chamber of Commerce.

This is easy stuff, but definitely make sure you at least ask your attorney and they’re familiar with this.Not complying with this is puts your loan under a much more massively regulated set of laws.

A legit assistance animal is not a pet, it is an assistive  like a wheelchair in the eyes of Fair housing, Each state does have the right to limited regulation in this area, in WI we can now require documentation form a WI licensed professional, where previously an online Quack could sign off, there are also situations where you can deny, if the animal could cause a problem or pose a health risk for other tenants. be careful on this one and know the law. seek advice from a licensed professional. 

If your property is zoned to allow an ADU (and this is a big IF), then ask about regulations for short term rentals. 

So now a title had to be built which can take up to 7-14 days or so depending on different scenarios (I’m not an attorney or a title company, so check your local regulations) So now I had to get creative to buy time.