The current tax code provides special benefits in this situation.When the original owner passes away, the "basis" of the assets resets to the market value at the date of death.In the US, there is currently an estate tax exemption of approximately $13 million per person, which allows the basis to reset, and depreciation can start anew.This “step-up in basis” is particularly useful if the next generation wants to sell the asset.Since their basis is set at market value, if the property is sold at that value either at the date of death or within six months, there is no capital gain and no taxable event.There have been many examples where portfolios of fully depreciated real estate worth tens of millions of dollars have been passed down from one generation to the next, resulting in little to no tax liabilities for their heirs.Pretty cool, right?

You clearly don't know what your doing and should NOT, by the rules and codes of NAR, be a primary listing agent on anything right now.

. - The main question here is do you qualify as a real estate professional according to the tax code.

Check the codes in your location for the minimum requirements for a home to be used for assisted living.

I would NOT invest in the following TN zip codes: 38106, 38126 and 38114.

Be sure to check your zoning code to determine what kinds of businesses are allowable. 

Luckily I do and Rentvine has a pretty extensive set of commands to use.Plus they have a demo account which you can test your code on by importing fake data into that account. 

You'll likely see variation (even within a zip code) based on condition even though all might be 3 bedroom 1 bath homes (as an example).

The 46218 zip code, specifically Martindale-Brightwood and then Near Southeast were a couple places that caught my eye as more affordable with good cash flow opportunity while still being B- neighborhoods.

The property easily can be monitored from a mobile phone, tablet, laptop and/or desktop, and the software has screenshot and video capture capabilities, as well as the user being able to access and play historical footage from all or selected cameras simultaneously, if incidents need to be researched.What was the outcome?