And of course don't forget that over the next few years you'll be adding to that depreciable basis as you develop and put the new assets into production.

The reason lenders require you to put 5% down on a primary is because you are more willing to fight for it and it'll be a more important asset to you if times get tough.

You want to get the maximum deduction possible when you buy a business asset (computer etc) by deducting it in the current year, not amortizing the asset.

It seems like it is a liability rather than an asset.

Don't own assets, just control them.

This is exactly why I am writing this software which will allow us to test various market scenarios using monte carlo simulations for both a real estate portfolio and stocks in the same scenario.

I've been reading a lot about different investment and property management softwares/services and am kind of a tech guy myself.

Someone else is paying for your asset.    

Jon, it was a loan directly to my company, not tied to a specific asset.

Mailbox money so to speak.There are some restrictions, such as being an accredited investor, minimum purchase amounts ($100k for 1031), and illiquidity, but they do purchase higher class assets.