I wish I would've found this place in college.

@Buddy Holmes Yes, from my understanding, 1/2 of the property would receive a stepped-up basis and the depreciation schedule would restart at the new stepped-up basis, whereas the other 1/2 would remain on the current depreciation schedule.For example, if the FMV of the property on the date of the deceased party passed was $300,000, then the 1/2 inherited would receive a stepped-up basis of $150,000, erasing any previous depreciation.

A previous commenter suggested commercial properties, I fully support this. 30 Year / Fixed Rate is appealing yes, but it is difficult to scale.

I'm 28 and a community college dropout.

My family has inherited a single family property in College park County, Atlanta Georgia. 

I’m a recent college grad with approximately $204K in student loan debt.

We’re looking at a deal, the listed disclosure says there’s structural issues and after speaking to the neighbor they said that the “main support beam” was cut during a previous renovation.  

You may have to deal with tenants or previous owners who could give trouble.

Previously most commercial deals were put out via LoopNet; but with this new rollout, we can expect to see a lot more information on Commercial properties in the area available. 

Especially if depreciation is exempt as well.)Question for @Dave FosterDave, when you do a 1031 exchange do you have continue to track depreciation on he previous building for future 25% recapture tax?