You were supposed to deduct $10k per year in depreciation.

But if I sold today I likely would lose atleast 10k.Would it be feasible to just relocate for the job and rent the house for the time being and see what happens?

It also helps to identify how much capital, or access to capital, you have. 

In the end we had to pay to turn the space back in to a white box/shell and closed with basically zero physical assets.

There has always been many questions as to if one needs to be licensed to engage in COMMERCIAL mortgage brokering/origination or RESIDENTIAL INVESTMENT property mortgages.  

So I would continue to hold the property - but I would be sure not to miss the ability to exempt the gain - so be sure to sell within 5 years.  

Charge phase 2 investors a funding fee, which gets distributed to phase 1 investors pro-rata to compensate them for their risk.  

However, the process was extremely cumbersome, communication was inefficient, and the loan fees were inflated compared to other deals I have seen from fellow investors.We will be ready to begin the refinance stage of our next project in the coming days, as renovation is finishing up and we are screening tenants.

I sent an email to zillow.

The important thing is to get prequalified to see what the details of your future loan would be.