I see that kind of structure (maybe different splits or thresholds) with first time LPs - it's generally simpler and easier to understand.

Studies typically cost $3,000–$5,000 but affordable DIY options (around $400–$500) exist for simpler properties.

This also leads owners to ASSUME simpler is better when it comes to management contracts.

Non-tangible property includes buildings, land or other inherently permanent structures.I get a lot of questions on which group specific assets belong in, so I put together a list to help.Non-Tangible PropertyBuilding (27.5 or 39 Year Useful Life)Land (Non-Depreciable)Paved Parking Areas (15 Year useful life)Swimming Pools (15 Year useful life)Fences (15 year useful life)Bridges (15 year useful life)Exterior Landscaping (15 year useful life)Docks (15 year useful life)Sidewalks (15 year useful life)Tangible Personal PropertyMillwork or decorative trimCarpetAir Conditioning equipmentShelving, cabinets and display racksAccordion doors and partitionsWall coveringsInterior landscapingNeon or other signsDecorative and business specific activity light fixturesGenerators, machinery and kitchen equipmentWindow treatmentsWhat other questions do you have regarding cost segregation?

That being said, life happens, and the mortgage police are not going to come looking for you if something unexpected happens and you have to move out of the house before one year.

Also, when it comes to enforcing the lease, use a simpler approach.

It's not perfect but it's a start and something for you both to look forward to as you continue building your life together.Some other questions to consider are:1.

How free are you to do other things in your life?

Could you expand upon "leverage the start of your entire life"? 

I'm 18 years old and eager to seize all the opportunity life sends my way.