In this approach, the taxpayer calculated that the cost to construct a new building (say, $300 per square foot at 2,000 square feet, totaling $600,000) should be allocated to building and the remaining balance of the acquisition should be allocated to land.Rule of thumb method: Some taxpayers use a predetermined percentage (such as 80/20 percent, 70/30 percent, etc.) for improvements and land.

I think once I get my footing again I'll do more research on better locations that appreciate and hold onto that appreciation with future growth.The appraised equity really is putting me out and stuck with settling for what the going rate of the current market is.

These forums are a great place to learn and meet people, whether you're just starting out or you're a seasoned investor.House-hacking your residence is a great way to get your foot in the door of investing.

It sounds like you starting on a much stronger footing than many syndicators were when they got started.  

It’s crucial to start off on the right foot with your taxes.

Now they're at 525 to 550 a square foot for new construction. 

I wouldn't touch arbitrage with a 10 foot pole unless it was a super unique property and situation with an owner where I saw some longevity and buy in from them. 

Your first partnership should be on equal footing.

Second, I was doing most of the work and fell off a ladder (first time in 45 years) broke my foot, and had a high sprain...   

I have a client with a rental in Granite Bay.   3100 sq foot 4 bed 3 bath with a possible 5th bedroom.