Investment Info:

Single-family residence buy & hold investment.

Purchase price: $8,000

Cash invested: $20,000

In 2013, I put my knowledge into action by purchasing a two-bedroom home for $8,000 a...

Gentrification opportunities, As gentrification continues in certain parts of the city, early investors in these up-and-coming areas may see substantial returns on their investments.I would love to know what people think about investing in the Philadelphia area and if you are an investor, i'd love to connect to hear your thoughts and experiences.

Do you have any anecdotes on the timing for it to be recorded?

Hate to hear that happened, seems unreasonable on their part.

When a rental is taken out of service for personal use the accumulated depreciation goes away over a short period of time. 

However, if you sell instead of rebuilding, the IRS may include part of the payout in your taxable gain unless reinvested under the §1033 involuntary conversion rules, which allow you to defer taxes by purchasing a similar property within two years.If the property was your primary residence, you may exclude up to $250K (single) or $500K (married) of gains if you lived there for at least 2 of the last 5 years, likely resulting in no taxes owed.

The rules are designed to prevent related parties from engaging in exchanges that shift high basis property for low basis property, followed by a sale of the low basis property, effectively "cashing out" without recognizing gain.If you sell a property to a related party as part of a 1031 exchange, both you and the related party must hold the exchanged properties for at least two years following the exchange.

That is usually the last time I work with them. 

If the mortgage payment is fixed (so large part of expenses is fixed cost), the cash flow will increase as the rents increase.  

Increasing for times when there is more demand and decreasing when it is slow.