@Jacob Sherman We have a partner that is going to sign on off the loan docs in exchange for a piece of the fees or a piece of the GP ups, still negotiating.

But, if a cost-seg study is done on the old property, you can manage Sec. 1245 recapture tax by doing a study on the new property to confirm it has as much or more Sec. 1245 property.You cannot swap a fully depreciated gas station for a raw piece of land and avoid recapture - you must replace all the 1245 and 1250 property.3) OZ - Sure you can defer your capital gains for a few years into an OZ fund, but the magic of OZ investments is the ability to achieve tax-exempt growth after a 10-year holding period.

Seems worth it though, so I'm not running around trying to piece things together an build my own empire of employee and agents, etc.

Would they take a piece of bare land and appraise it had a $100 million hotel built on it because that would be the highest and best use of the property?

However, you can choose to do a Cost Segregation Study and instead of depreciating the property as a whole you depreciate each piece of the property some of which have a shorter lifespan and that allows you LARGER deductions sooner!

Hello everyone, I inherited a piece of property in Berkeley CA from my grandmother a few years back.

So back to the drawing board....and yes, the financial piece has to make sense... 

You are basically building a new home on a piece of land.

If the landlord was aware of his past, yet rented to him anyway - any lawyer worth their salt would make a nexus between those two pieces of information and create a liability claim.In addition to the extreme negative press you would get, it also takes time, money and energy to defend a lawsuit you will eventually win.

I thought I’d share a few pieces of advice from my experience:Preapproval Process: Getting preapproved felt intimidating at first, and I felt a bit out of place.