(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.

I am just starting out so to get my fiancé on board with  me I just shared with her what got me thinking differently about money and wealth creation.

And I mean, re-creation time.

I was just getting a little cheesed at all the math experts out there devaluing the effects of appreciation ("It just keeps up with inflation") without mentioning or realizing the true power of wealth creation in long-term real estate investing involves leverage.

Sorry for the simplistic examples but really want to understand LLC creation, in's and out's with regards to multi person as best I can without jumping into anything.  

A friend once asked me why I was so passionate about personal finance and wealth creation.  

The most important aspects to the Democrats, Gov't controll and the creation of a new entitlement, in some version will exist in the final legislation.

Science tries to do this through the creation of drugs, experimentation and theories but all of those start in some person's head.similarly with religious believers they want to make the world a better place through compassion and caring for your fellow human.