As far as the area goes its one of the last affordable places to build and get a great lot with a home.

Maybe Mark will finally be the last broker I ever need. 

@Hardy Davis  As long as you've lived in the property for two out of the previous five years, you could qualify for the 121 exclusion.

Lastly, we built wealth and equity with long term holds. 

Long story short, the total all in construction costs should have been $245k and I originally was going to list for $330k.

As long as you don't lose all of your capital, throwing yourself in with the sharks could be the best, and quickest teacher.

If the agent is suggesting to put it in writing it might be because he can now nudge the seller into accepting a lower than previous offer since the house has been on the market for a long time with no other potential buyers. 

I am looking to buy a single family long-term rental in the San Antonio, TX area.

For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.

I just want to make sure the house will remain standing for the long term.