That being said, each park is different and will require a cost segregation study to determine the actual depreciation schedule, which is comprised of the following:Park infrastructure improvements – utility lines, roads, fences – often account for 60-80% of the total purchase price. (15 years)Land – not depreciableStructural improvements - sheds, clubhouse, well house, stick built homes on property, etc. (27.5 years)Personal property – appliances, mobile home improvements, office inventory (5 years), Mobile Homes (5 years to 27.5 years – depending on which accountant you ask).

Does anyone know a handyman who can help me with a pretty decent-sized punch list i created by taking a fine toothed comb to my crawlspace, house and attic?

Given the schedule you've shown, I'm guessing you managed to keep the legal process out of it.

And, if you did begin to schedule depreciation of a three year old improvement the amount would then be overstated and extended beyond its life or schedule.

I think full disclosure would be best from either end of the deal.oh yeah, Important note: In my case the perp had lived a mile away andwas scheduled to be released from prison soon, AND I worked swing shiftleaving my new wife home alone evenings.

It will be less inconvenient for them and they said you could have access to the unit then.We always try to schedule upgrades when it is most convenient for the tenant.

If I were in your situation, I'd schedule a time to walk through the property so you know what repairs are needed for a flip.

Can I simply do schedule C for my wholesaling profits using Turbo Tax or something of that nature noting my profits and expenses?

Eventually you’ll want to get the property’s tax schedules (to see if they match the statements).I wouldn’t bother asking the seller’s opinion on lot rents in the area; I would just look up the competing parks on MHvillage.com.

I am also planning a visit to DFW and Houston this month if I can schedule the trip.Thank you for reading my introduction and I look forward to networking and learning more.