Quote from @Jonah Hartsburg: @James Martin - Have you considered working with a dedicated virtual assistant who can learn your processes and provide general admin support?  

Hello BP community, I would love to hear more about the process of developing in Washington DC.

If so, how was that process?

Hello, I'm in the process of purchasing a single-tenant commercial building, and I'm looking for recommendations on property management software.

My client's have been happy with the draw process and response times as well.

Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.

Looking for guidance on the best way to proceed going forward in terms of asset protection and how to structure all of this real estate… 

Then find a CPA who can help you set up and manage your business and advise you on the best business structure.

Which ever we choose will at least give us some experience and perspective in the over all process of REI!

In your case, changing the property from a rental to your primary residence constitutes a change in use.The depreciation recapture will be calculated based on the fair market value of the building at the time of conversion, not including the land value.Since you're tearing down the existing structure, the entire amount of depreciation taken over the past two years will likely be recaptured, as the building's value at conversion will effectively be zero.The recaptured amount will be taxed as ordinary income, up to a maximum rate of 25% for residential rental property (Section 1250 property).