To throw a wrench into things, if we were talking about real property/structures that were being short term rented, it's possible/likely that your depreciation period would be 39 years, not 27.5.However, a vehicle - which is what an RV is, regardless of how you're using it - is 5 year property.

Do you have any experience in real estate or investing?

For most, this isn't a realistic option so they update some of the most important regions themselves and copy the data from other providers where they don't have coverage.This is a big problem with these big consumer-grade real estate analytics platforms—you don't really know the source of that data, its frequency, etc.

Yes, he can be sued by the seller; anyone can sue for almost any real or imagined cause.  

I found this property through my network of local real estate professionals and direct outreach.

There are SO MANY sub-niches to dealing with distress real estate.

I’m temped to order an appraisal this month, or does that seem like over kill and do you recommend I sit back and trust the real estate process?

I’m passionate about real estate and am working towards building my investment portfolio, with a goal of acquiring five rental properties over the next five years.I’m here to connect with like-minded individuals, learn from experienced investors, and share knowledge along the way.

As a VA, you’d want to build on that by getting familiar with tools that real estate professionals use.

You're paying yourself back interest, the principal is out of the market and not going down, AND you're using the funds to build equity in real estate.