Turbo tax will prorate your depreciation for you when you input the purchase date but you need to input the land value (1/6 your PP in my example) and what % the rental is of the dwelling. 

The longer you hold the property for investment the easier it is to demonstrate that you did in fact intend to hold the property for rental or investment purposes. 

Sincerely, Mark Updegraff Hi @Mark Updegraff- I'd love to learn more about your experience in Raisemasters to date and some challenges you've faced.

However, there’s a catch—I’m looking to partner with an investor to help provide the capital needed to complete the deal (would need to raise around $200,000-500,000).

Curious to hear, how did this end?

Networking events, seminars, and workshops help you connect with like-minded individuals and mentors.

Chalk these losses up to tuition. 

It took up a lot of logistical time too.

Our goal is to deliver as much value as possible to encourage everyone to either get started investing or dramatically expand your portfolio in the best markets to accomplish your goals regardless if this is your 1st property or 50th!

My general contractor told me to charge her a $400/month pet fee for four months –which would allow me to save up $1,600 to cover damages- and then give her 30 days notice in May when it will be warmer and faster to fill a unit.