So, those new carpets that are being depreciated over five years get a big lump of depreciation at three years when they're totally trashed.So, those new carpets increase your basis in the year you put them in.

Rather than leave the valuation up to an appraiser, I'd bring in two to three real estate agents familiar with your area.

I think you are definitely on the right track with your three goals.

Over my long real estate career I have been involved in all three at one time or another, either as a principal or as an expert witness.The amount of money in dispute will determine as to whether or not it is economically viable to engage an appraiser, accountant or attorney on your behalf.

At the micro level....Food, clothing and shelter being the main three required anywhere.IMO, in hard times, such as the Great Depression, people will "make do", clothing and textiles are products that can be ignored by most consumers, items owned can be repaired, traded and fabricated from other items, like Scarlet's gown from drapes.

Every LLC should have an EIN (and a specific person is listed as being associated with the EIN - typically a member or manager, but not necessarily), but EIN records are not available on as part of a typical Lexis subscription (at least not that I know of).

I looked at three different markets, which had different RE characteristics, which I hoped would compliment each other.

Do it with a short term, like three years.

If I acquire this house, I would then own three houses in two states and three different counties, none of which is the state in which I now live.Thanks!

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