I'm seeking tax tips for depreciation on an SFR that was purchased in 2014 as our private residence then converted to rental in 2016Details:Purchased in 2014loan was refinanced in 2015  We began depreciating in 2016 tax year, the year we began renting the home as landlordstax preparer for 2016 taxes entered basis amount based on 2015 assessment, not assessment from purchase year or for the 2016 assessmentunsure if bases was set correctly and whether to carry through that same basis or pull current year assessment for this and subsequent tax yearsTurbo Tax seems to be steering me towards using the purchase year assessment for the basis for depreciation.  

Feel free to give me a shout if you have any questions or looking for tips!

Lara Chinarro some high level tips.

Keep in mind the market will cool, when it does you want to be as well positioned professionally as possible.

That is less than a quote I got on residential construction.I have no problem sticking with residential rehabs if that's the best ROI, but if I could do a condo conversion, etc. that would be cool, too.Just as an example, I've attached a picture of a building I watched being constructed from ground up over the last couple years.

before when i used to post my number, they would try to convince me 'oh its well trained. oh its only 15 lbs. etc. etc.'. 

what are the struggles you are facing and do you have any tips?

My guess is you are only seeing the tip of this iceberg.

Account Closed  Thanks for the tips on documenting that they've actually moved out. 

A spot has opened up in a successful realtor business in my hometown.

I’ve been thinking about being a realtor for awhile now and I think I will be jumping the gun and do it.

I plan to work super hard, the owner is ...