It is always advisable to consult with an attorney if you are serious about asset protection.This post does not create a CPA-Client relationship.

I’ve written letters on behalf of clients in similar positions to yours reserving the right to request the improvements be removed in the future.

The client copy of the tax return should include a depreciation schedule of each rental property that you have.If the tax return that you have does not include it, you should be able to request it from your accountant and ask if they can provide it to you annually going forward.The depreciation schedule will include the original cost basis along with the accumulated depreciation.Best of luck.

I'm big on Detroit, personally (heavily) invested there, and work with a lot of clients that wish to invest there.Homes in Detroit proper can be had for $80k - $90k today and rent for $1,200 - $1,300/mo.

Ordinarily for STRs, a two bedroom can do well well because it attracts more clients.

By not taking a partial disposition deduction, you would be missing out on potential tax benefits associated with recognizing the loss on the disposed roof component.

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We have clients that have used FHA regular and 203K loans in areas that they would not necessarily want to live forever, but it was a means to an end. 

Our team negotiated a purchase price of $40,000, recognizing that even with minimal improvements, the home could yield a profitable return.

I do give discounts on the listing side to repeat clients.