@Kim LeduffIf you work with your CPA, they will normally calculate the depreciation for you.There are tax software's out there where you can do your own return, however, calculating depreciation is not as simple as plugging in a number.1) Step one - calculating the total basis for building/land.

The fines are something like $37,500 for every worker for every day every worker is exposed to asbestos and then the business owner receives $37,500 per day fines for every violation in addition to his employee's fines and the fines always exceed $500,000 and are usually more than $1 million.I have a license to abate asbestos and was on a job one day.

The problems you describe are the exact thing I would expect to happen on a regular basis when trying to STR those types of properties.

I have never heard of a person who works with a real estate investment company and is responsible for finding properties that are best suited for flipping.My first thought is why would they give someone else a deal if they are suppose to do it for the RE company but that being what it is, if they do this on a regular basis inwouldnthinknthey already have a fee system Why do you want to partner with them?

Keep your unsupportive spouse on a need-to-know basis. 5.

Since the basement is rented, you will prorate your property value to determine "basis".

Appreciation is taxed at 15% instead of 22-30% so it’s like appreciation is working overtime, every day. 

There are properties in that price range I see them every day and under so hopefully that s boost in confidence. 

Is there any avenue to preserve my grandmother's cost basis?

I am thinking we as landlords can do the following but I am not even sure if that is enough to get landlords off the hook if a gas explosion does happen:- hire a licensed plumber to inspect for gas leak and gas pressure on an annual basis-install a gas leak detector or alarm in the rental unit-spell out in lease agreement that tenant is prohibited from removing the gas leak detector and tenant must notify landlord immediately if at any point the detector stops working-do semi annual walk through inspection of the rental unit to make sure the gas leak alarm stays installed and is working properly and that the gas stove is working properly.Is there anything else we as landlords can do to minimize our exposure to being sued in the event of a gas explosion in the rental unit ?????