Hey neighbor,You would be looking at form 4562 for the first year placed in service and you should have a depreciation schedule for each year showing accumulated depreciation and current.

Yes.If you have accumulated wealth, you are free to choose where you want to live, a desirable neighborhoods - clean, free of crime, good schools, etc.

But the cash return will take longer to accumulate. 

Just keep checking you can accumulate a good selection.

Late fees begin to accumulate on the first day past which rent is due.Additionally from the "Tenants Rights Handbook" via the Secretary of State Website."1.

Those two factors together make this an excellent environment to accumulate property.

But in either case, you will be accumulating equity in the property.

The second choice accumulates 9% interest at the end of each year, but isn't paid until the end of the five years.

@Mohammed AlamI think you have the calculation for adjusted basis incorrect..It is purchase price + improvements - accumulated depreciation.example if you purchased a home for $100,000 and made improvements of $50,000 and had depreciation of $10,000; your adjusted basis is $140,000 calculated as $100,000+50,000-10,0000.Another thing to factor in is that you lived in the home for 2 out of the last 5 years.

Specifically, accumulating rental properties throughout life.