It can seem a bit complicated at first, but once you have experts working for you they take care of all the complex parts.Bonus depreciation had some great changes, namely the increase to 100% and that used property now qualifies!

.- just to give a sense of what kind of property i'm talking about, let's say the current plan is a 100k property in orlando fl. from what i understand, to pros of owning a condo is that most of the outside repairs are being taken care by the hoa, which means less troubles, downside is of course it will cost me 200-300$ a month (rough estimate, looking at the properties i checked so far) and from what i understand condos appreciation tend to go up less in time.so my questions boils down to the difference in repairs cost:- usually the rule i hear about allocating money to repairs is 1% of the house values. is that value the same for both condos and single family?

I'm hoping it's the latter.If you can't handle living in the privacy of your home (or rental) without an animal, you probably need to be a psychiatric care unit.

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You just need to be careful to disclose your intent to sellers if you’re acting interchangeably as both an agent and investor. 100% smart move to get licensed first.

Thus, If the property is transferred after the 2 year period and/or if 1031 treatment is respected even if distributed before that, we really dont care about when 5 year starts in this case. 

For the past 1.5 years I've been working as an Estimator for a "Selective Interior Demolition" Subcontractor to major General Contractors, both local and national.

Any attorneys/CPAs out there that care to comment?  

I guarantee the banks knows your level of experience through their underwriting. 2. who cares, ask to be sure.

@Danny Di Can't any flat fee broker just select "For Rent" instead of "For Sale" when they enter it into the MLS?