Hi fellow big pocketers,I love this website, it provides so much answer to my questions.Joshua Dorkin your creation is amazing!

In better times, the real estate industry would be a dynamic engine of job creation, and any new tax burdens on real estate owners in the current economy will dramatically affect ongoing economic recovery.

The other alternative is working with a nearby village to allow the creation of a village on some acreage nearby.  

Dmitriy,I agree, you can switch, but you are essentially starting over and need to pay that upfront creation cost.

If you can get a 4 unit plus basement, that would be ideal and create major cash flow and equity creation.

My friend, Bart Dallin of Cloud 9 Creations, is a general contractor in your area.

My RE lawyer/Title co offers P&S creation, but I cannot seem to find a blank P&S.

(purchase price + rehab costs etc) and what you can deduct as operating expense for the year...utilities, holding cost, taxes etc.Thanks Chris I am familiar with the creation of the depreciation base so thinking of it that way, I guess that is how the Jan-Nov timeframe activity is 'accounted for' froma  2014 tax perspective.Thanks all.

What is important is that we invest in our environment and produce an environment of contribute to the creation of an environment that is lasting and of benefit for all otherwise we are doomed to fail. 

This is a choice made at creation, or shortly after the LLC is created.