The purchase may include tangible personal property like appliances which will have a more accelerated depreciation recovery period.

Hi there,With rents in San Francisco fluctuating all over the place I am wondering if it is a good time to find a deal on a multi family unit (duplex/fourplex) with a recovery in the future in mind.

Everyone wants a great deal but there is a difference between negotiating 25 to 50 basis poinst off of market pricing and wanting cap rate of 6 years ago but economic recovery of today.    

Most people said that even if I did find her & serve her, there would be no $$ recovery. 

You can use the Modified Accelerated Cost Recovery System (MACRS) to calculate depreciation.Residential rental properties are depreciated over 27.5 years.

I suspect that this buying season will be weaker than last year because of the oil crash.Oil is recovering pretty strongly from its lows but it has a long way to go before the industry will start to recover.  

This study involves identifying and reclassifying personal property assets to shorten the depreciation time for taxation purposes, which can increase depreciation deductions.Local Assessments: The property tax bill may provide a general indication of the value allocated to land and improvements, but it may not necessarily align with IRS guidelines for depreciation.It's important to note that for tax purposes, the IRS requires you to use the Modified Accelerated Cost Recovery System (MACRS) for depreciating residential and commercial rental property.

I was tired of throwing my money away so during my recovery I read Rich Dad Poor Dad, a few other books, and took control! 

@Rich Baer  company in CA I am thinking about I am pretty sure is called Global recoveries.. they do a lot of work for banks as well.

If it's at a 10% cap it's better... but the mechanical stuff and it's cost recovery needs a good fine pencil point.Good Luck,Jim