The art of negotiation is something I have been learning and evolving over the years and it has truly translated into better deals with knowledge I have acquired here from Bigger Pockets!

Unfortunately, they evolve quickly (with each new government since housing is a hot topic) so you need a local team of pros who understand it well.My strategy was to buy a 3-plex which was rent-controlled because the previous owner took advantage of a specific program 20 years ago when he remodeled the building.

@Krista Goodrich, how do see STR regulation evolving in the Volusia area?

@JaNae Anderson I live in the Bay Area and it is definitely another species when it comes to investing but it can be done.  

However, in my professional opinion, this notice is gradually being contravened by evolving thinking within the FTB, and you shouldn't have a problem for either federal or California purposes to change your accounting method to take that previously unclaimed depreciation.And make sure you don't amend.  

Great discussion evolving here. 

intent to sell does sound a bit robotic. i only meant that i wanted to evolve from a home owner to investor. i would like to flip a few properties, first, in an attempt to raise capitol. then move into a buy&hold/flip pattern. obviously i don't really know a lot about the business but i do think it could be a nice career

I even have a thread/blog (don't remember which) taking readers step by step on a recent spec I built.

Humans are the master species because of our ability to build alliances for an organized cause.One thing I found is that most of the people I was hanging with weren't going the places I wanted to go.

.- Systems are important and let them develop or evolve naturally.- There will be set backs and bumps in the road, expect them!