As always, your tax professional should help you navigate these rules and apply them to your specific circumstances as with all tax law, there are caveats and nuances to everything which need to be examined!

Again, others might feel differently here.3) property level due diligence: (takes seconds to weeks per deal): here is where I drill in with the low-level details.a) pro forma popping: I examine all the assumptions, and see if they are overoptimistic or not.

Hi Tony:The best way to handle is to visit the city planning department which zoning is usually part of to see if a variance is granted, and examine the plans filed.

IRS Publication 590 is a good resource to examine these items as well. 

I suggest examining that carefully.

Have you examined your "value-proposition" for a tenant?

Hey everyone,I was wondering if anyone has taken a course for the Builder/Contractor License Exam in Michigan?

Perhaps the better place to start is by examining your existing portfolio.

Just dealt with this for a project that required pre-review by both historical commission and city planning commission...took 3 months of submissions before the plans even got to the L&I plans examiner for the first time.  

Again, others might feel differently here.3) property level due diligence: (takes seconds to weeks per deal): here is where I drill in with the low-level details.a) pro forma popping: I examine all the assumptions, and see if they are overoptimistic or not.