The land represents ~1% of the purchaseOn the contrary - if you purchase a $2 MM shack in manhattan on a postage stamp lot, the land could represent 99%Lever 2 - % of the property with a shorter useful life.Not all parts of a piece of real estate are depreciated at the same speed.Certain personal property assets have SHORTER lifespans in the eyes of the IRS vs the standard 27.5/39 year livesProperties with tons of this often have:- Over-developed land sites (hardscaping, pools, retaining walls)- Fancy Fixtures- Fancy Furniture (STRs!)

I only responded to her so it can't be off-topic and I never said a single thing off-color, an insult, or anything even close.

I guess you saw the writing on the wall. 

It’s one of those situations where the fine print can really bite you if you're not careful.From what I read in the Wall Street Journal a while back, a lot of these deals tend to come down to relationships.. having a good banker who understands the value of your policy is key.

I had to upgrade the waterlines to 3/4 (ripping out the wall, retiling) and replace the drain line with metal pipe, (dig up floor, plumb, concrete, retile).  

Two complete interior remodels, new retaining wall.

Is there a way to invest in VYM where I can put up a wall so that I don't have easy access to sell it? 

Take a Car dealership  on the wall is the picture of the top sales folks everyone working there gets the same opportunities ..

If Wall Street is the mechanism to transfer wealth from the foolish to the patient....

My list includes - last 2 years employment history and current employment [2 paystubs], criminal checks, eviction checks, No Pets, No smoking, tenant pays utilities, maintains landscape, no subleasing, bring own washer & dryer, 1 month security deposit and transfer of utilities before moving in, rental insurance, all occupants will be on lease, notice period of 2 months for termination, tenant references, No cosigners, no painting walls, late fee notice, any hoa fines should be paid by tenant, inspection of property at 3, 9 and 12 months.Please let me know if I am missing anything.3.