Hello. My name is John and I'm from Spokane, although I'm currently writing from Germany. I have always been interested in investing, in both stocks and real estate. While I was growing up, I would ask everyone I knew...

I had a great conversation with @Kay Kay Singh today about the depreciation of gas stations, and thought I would share some relevant information regarding the tax laws for the general benefit of the BP community.Gas Stations (or 'retail motor fuels outlets' as they're called by the IRS) are depreciated over 15 years, and not 39 years like almost all other commercial properties.If any one of the following three criteria are met: It is not larger than 1,400 square feet. 50% or more of the gross revenues generated from the property are derived from petroleum sales. 50% or more of the floor space in the property is devoted to petroleum marketing sales.Here is the link to the IRS publication on this subject where the above words were take from.

I have a house in Washington that has developed a septic issue.

Congrats on the beauty of an investment in Union Square.

Alternatively, I'm looking to shift to Vancourver WA area.

Always consult with your attorney before you rely on the above information.my comments are are based on my buying courthouse steps in  CA OR WA NV MS OH   

@Irina ShettyWhat's the house's square footage?

Good point.. if i factor in the PMI's as an effective rate, I might be better off w/ a higher rate and no PMI's..What would be an example of a portfolio lender? 

To make a long story short, we have a lot in Woodinville, WA (outside Seattle) for sale.

Hi Jason, couple questions for you: What is the square footage of this property?