.: In the short time "lurking" and then joining BP, I've already learned quite a bit and had a chance to meet some great individuals.

@CL Tumlin ,Depreciation as @Dave T said will be prorated for the number of days in the year.Unless you initially segregated out the costs upon purchase between the individual components of the home you will continue to depreciate it over 27.5 years.

The value of this loss of property is subjective and can result in widely differing figures depending on the individual properties.

I own a Pedicab business in Austin as well, and I teach first grade full time at Gilbert Elementary in East Austin/Del Valle.

However, our conversation was about being "Recession Proof" now I now I've seen a few individuals on this site talk about this topic, paticularly Rich Weese and others about eventually becoming "Recession Proof/Prepared" for any, and most economic downtursn.

The only thing you might run into is local wholesalers who won't want to teach you the business- because you'll take business from them.

I learned from the owner's mistakes and I plan to create a system/business that I can teach to one of our tenants before we leave, based on the knowledge I've gained here in BP and elsewhere.Is it reasonable to think I can find 100% financing, whether through sub2 or some other means?

I think REOs are even tougher than individual sellers.

In the future I would like to pass this cost on to the tenants by dividing by four and billing each individually.

@BrandonAtBP I have invested and teach tax liens and tax deed investing.Feel free to email/talk/call.Dani