I have used them for truck/equipment loans.

Hey guys, I will try and summarize the situation quickly.One of my apartments (5plex) has back office / basement area where we store some of our repair equipment for the property management, such as desk, office equipment, paint, tile, windows, some files, and keys to the 20 units that this particular property manager of mine manages for me, plus other misc items as needed for repair work.

ShowingAssist equips MRED real estate professionals with showing management tools enabling them to schedule showing appointments, generate showing feedback and create listing activity reports for sellers.

They always seem to find a shot or angle that really make the properties shine and they have the equipment, experience with photoshop, etc.

Professionals are aware of the ins & outs and are better equipped to do things more effectively.

We have a number of tools and some equipment that we use to maintain and repair the current property and will be used to rehab the two new properties. 

Easy example-You enjoy photography and have bought or buy a nice movie camera, photo developing equipment, tables,developer computer, etc,etc etc.

Or you can hope that some very hungry contractor is going to knock on your front door with a truckfull of tools and equipment ready to start your developing dreams!

This is supported by Sec 453(i)(1) and Pub 537 (see Depreciation Recapture Income paragraph).When you sell a business (inventory, equipment, accounts receivable/payables, intangibles, buildings), you play by different rules.Three paragraphs above the example you cited, we have this paragraph:"Sale of a Business The installment sale of an entire business for one overall price under a single contract is not the sale of a single asset."

A tornado touched down about 2 miles from us but mostly in a farm field and tossed around a landscaper's equipment and leveled some barns.Not much you can do if you're in the path.