Quote from @Ben Trageser: If you live in your short-term rental (STR) property in a future year after claiming depreciation, depreciation recapture does not occur immediately.

If a home was previusly owned and lived in by a famous person, does it add much value? 

Since then I have located the area where they entered and sealed it off, however I'm having trouble killing the ones currently living in the attic.

SonuI have lived in Final for 6 years.

Quote from @Jimmy Rojas: I live in Arizona and homes here are sky high, youd be lucky to get %6 interest rate, I would be a 1st time home buyer, apart from being 1099 employed would Trumps real estate plans benefit the little guys like me? 

Unless you have the rentals paid for by the time you retire, they aren't going to be enough to live off of. 

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

A few years later, I hired a local Wyoming attorney to create a living trust.

For the son to qualify for the $250k exclusion, I believe he would most likely need to meet the ownership and use test, meaning he needs to own and live in the home as his primary residence for at least two of the last five years before the sale.

Hi Davis,I live in NC but invest primarily in Greenville SC / upstate with my business partners.