Even Fiji where I live has huge restrictions on off shore funds.Having said all that it's your investors problem.

It appears to give you a temporary boost based on finding good financing.

Even a few days of delay here or there will add up (in both time and cost), and there’s nothing as frustrating as being stuck in temporary housing while the builders are idle because you’re waiting on a fixture!

Current plan is to save $ for a down payment on an investment property for the next year while I shore up my knowledge on the business and the local market.

I was buying court house steps in fort Meyers  new or near new homes for 30 to 40k cash at the steps in 093. my well documented clients in PHX AZ losing 4 plexs they paid 350k for in 05 and having them go vacant and they let them go to foreclosure thereby ruining their credit and losing whatever cash they had in them.. 2010 they were selling for 100k or less and still vacant.so on and so forth.As long as credit does not freeze the values have been reset .. those that were lucky or smart enough or came of age to be investors and bought in the trough historic low price points historic low interest  many paid cash as financing was still tough.. so as long as they don't drink the cool aid and refi out and leverage up you have the makings of a very strong asset base.. plus all the foreigners who paid cash there were literally hundreds of thousands of homes paid for in cash by Off shore folks.. then add in the half a million or more that were bought by hedge funds.. 

So, you will benefit from deducting depreciation for 3 years, but then you will have to return this temporary benefit when you sell - essentially a wash.And, as @Jon Holdman said, the deadline is firm, cannot miss it even by one day.And - very important - the rule assumes you do NOT move back.

Keywords: Cook County / Hyde Park / South Shore

Temporary deferral for recognition of realized gain until as late as December 31, 2026 To the extent gain portion of proceeds is reinvested in Qualified Opportunity Fund(QOf) within 180 days of the sale or exchange of any asset, gain is not required to be recognized in year of saleGain deferred is recognized upon the earlier of the date the investment in QOF is sold, or December 31, 20262.

I live in southern Alabama near Gulf Shores/Orange Beach area.

Anyone know of a good property management company at the Jersey Shore?