My family and I are originally from Cuba.

Ensure that the original purchase agreement allows for assignment.

I originally wanted to buy into a vacation rental market but this last year has been crazy and we seemed to have been priced out.  

I had just mastered the original deal analysis and was getting comfortable analyzing deals.  

. - Thought you might want to check out my response to this original post too. 

Originally posted by @David Ono:Hi Justin!

Originally posted by @Travis Hill:I am reading a lot about property classes and how, who, and where are they determined?

Since the original mortgage stays in place, you only need to ensure the reinvestment equals or exceeds the proceeds.

However, that made getting the ADU done within 180 days of the ORIGINAL sale of the relinquished property difficult.

This is most of the depreciation you are taking year one.You can calculate your depreciation recapture by taking the sale price of the asset and subtracting the adjusted cost basis.The adjusted cost basis is what you paid for the asset plus any improvements you made along the way minus the depreciation you took along the way.The profit above this original cost is taxed as a capital gain, but the part linked to depreciation is taxed at a maximum rate of 25% under the unrecaptured gains of section 1250.To recap the tax rates are:- Sec. 1250 real property: 25%- Sec. 1245 property and 15 year 1250 property: Ordinary Tax RatesThere are ways to minimize depreciation recapture especially if you know how to work smart with your CPA.1) Asset Valuation at Time of Sale - Sellers can minimize recapture by reallocating the price of the assets on sale.