I never depreciate properties held in my own name as, for me, it is always a temporary measure before they are rolled into a holding company and I do not wish to deal with the CCA recapture.For properties held in a corporation, I have yet to experience that ... perhaps the lenders expect real estate holding companies to take all possible deductions (given they are paying at the top marginal tax rate)?

@Christopher Lombardi @Andrew Schwartz @Eric Waterman - have you created a local networking group at the Jersey Shore?  

Just like the title says...anybody want to get together for a meetup on the South Shore?

We called a local pawn shop and they just said to call the police.Among the weird things they took/did not take:They took my 25 year old Craftsman hammer but left my wife's brand new Estwing hammer.They left my brand new table saw but took my 10 year old air compressor.Last night we tried to Gerry rig a temporary security system.  

The trustee told me that I do have a temporary deed and the formal deed will be mailed to me within 2 weeks.  

I am new to the NJ area and just googled Asbury Park, it looks like an awesome area near the shore.

Hi Mike welcome to BiggerPockets.I also would like to thank you for your service to our country.The south shore can have some pricey stuff but it does get less expensive the farther from Boston you are.

Sincerely,Anne CruzBe Careful BP members.... especially those with little to no credit or capacity that are looking for funding and you get some off shore lender that makes it just to easy.. there is NO easy money

There are greater risks relative to an option like Flourish which is strictly capital preservation, and temporary illiquidity is one of the drawbacks, but if you are selective and do your due diligence I think you can achieve the desired result.    

Encourage the tenants to report the dog if needed, even so you probably need to take care of the fence, I might put up something temporary if I thought it was a safety issue at least until you look into it thoroughly.