I couldn't agree more with @Sam Green Self Storage is a great business to get into, but it's important to do your research on the trending market first.

I specifically excluded *bonus* from that prior post for that very reason of ineligibility, however, if the cost seg carves out 20% of the basis as 5-year, 20% as 7-yr, 20% as 15-year and the remainder as 39 year (assuming commercial), that’d still front one heck of a depreciation deduction using MACRS 200% DDB.Will still be some net gain, but that would dramatically dramatically reduce the cash he’d have to fork out to uncle sam… PLUS … he’d have new depreciation again!

Quote from @Sam Booth: Trying to learn about what properties sold by banks are selling for (REOs).

Some trial State versus Sam XXXX.  

Quote from @Sam Booth: Can I get a conventional loan on a foreclosure home without an oven and oven hood? 

Quote from @Sam Booth: Quote from @Rick Albert: Alternatively, you could get the appraisal done, let it get called out and then have a conversation with the bank saying that this is all that is needed and with it is a full contingency release.

Why not sell at a stepped up basis and pay zero taxes Uncle Sam?

:)Sam

As for appliances the Detroit Land Bank lists Sam's Appliances but I've never dealt with them and their website's security cert is expired.

@Sam BoothHe must have interviewed politicians and trust fund kids.