Another consideration is that you can either keep the original relinquished property on the books and continue to depreciate it over its remaining life, but then record the extra cost as an additional group of assets (since you have 2); on the other hand, you can make a technical election to just record one replacement property (2 in your case).     

It should cost a few hundred dollars.

In California, we saw a beat-down on the most recent attack on  the statewide Costa-Hawkins Act - which, among other things, excludes SFHs (including condos) from municipal rent control laws.   

Bad tenants cost a lot.

Richland properries you know Cost a lot more but easy maintenance and  a totally different clientele 

I was thrilled to learn that I can legalize the basement, at the same time this is going to be my first large project like this and will cost a lot of money, but I know it will be worth the return.

Getting into that mess can cost a lot and make the invest not worth itAlso commercial lending right now is extremely tight, so financing can be extremely expensive

Taking care of maintenance while it is small so it doesn't cost as much in time and money.

I am not judging and sorry for this message but I hope this is helpful.I would avoid these higher priced services / riskier adventures until the future.Anderson Advisors likely cost a couple thousands.The digital real estate may appreciate in value(my knowledge on it is limited at the moment) but it likely is not cash-flowing at the moment.I would put all these expenses/costs into cash-flowing real estate.To answer your post - It is usually not advised to put appreciating real estate within a corporation(C or S).You may be able to avoid double taxation now but the real issue is when you want to transfer the real estate outside of the corporation.Furthermore, real estate normally operates at a loss for tax purposes.

It says alternatives are water filtration system, etc, which would cost a lot less than $4000.