Knob and tube is fine for your lighting and some receptacles.

But many assets like lighting, carpeting and cabinetry depreciate much faster than that.Which means you shouldn’t have to wait all those years to get a tax deduction for them.

@James Hamling I think there’s a book called Willing Accomplaces (circa 1956) that sheds more light.

I'm trying to make light of this sinking proposition...   

I'm just shining light on this topic and it seems to be getting under your skin big time.

I myself have found deals that have made 60-70% Roi and very recently found one that had the potential to make close to 100% return ..purchase price $70k rehab = very light clean up inside and yard / plant / landscape clean up .. really nice landscape but just has been overgrown for the last couple months ..

Definitely, bring it to the light although the reality is its going nowhere and is here to stay!

Does anyone do these or know about them and can shed some light ?

And in the ability to control the deal.But as for as those things we would put away for future usage, think of things in that light, controlling a deal, and if things do break down who do you think controls things.

With tuition prices increasing every semester at many schools, I cannot see the light at the end of the tunnel.