Answer: It is the total purchase price minus the portion of the purchase price that is properly allocable to the land, which is not depreciable.While land allocation is not part of the Cost Seg engineering work, the final Cost Seg Report - that includes specific dollar cost allocations for components and a depreciation schedule - incorporates a land value allocation.

I am currently working in Corporate America in the Medical Education field (which I absolutely love) but my husband and I had our first baby 18 months ago and I’m desiring to spend more time with him.

Hey @Kevin King, it sounds like you're incorporated, is that correct?

No they don't, only 18 states and territories do; however, that doesn't mean you have to incorporate in the state. 

We are looking for something comprehensive that can incorporate RemoteLock (door codes and ,lock automation), accounting, bookings (through AirBNB/VRBO and possibly some direct). 

The use of corporate forms — like LLCs, S-Corporations, or Incorporation — has many important purposes, but avoiding personal tort liability for your own conduct is not one of them.

You should find dozens of agreements online from a Google search that you can download.Copy and paste the parts that you like from each of them, then blend all the bits and pieces together, so they flow properly.Then take it to an experienced REAL ESTATE attorney to review for legal compliance and offer suggestions.Ongoing you can update as you encounter new issues you want to incorporate.

"In god we trust, all others bring data" said the sign in the big conference rooms when I was in corporate.

My wife is a very talented graphic designer and business owner.  

From there it can be left in the trust or incorporated into a trust/Series LLC structure easily, depending on your needs.