Depreciation deductions are a way to deduct the cost of the property during the life of the property as long as you own it.

So far so good.My wife and I figure as long as we’re not losing money, we’ll be fine and can just see this as the opportunity to learn as much as possible on our first one.Thanks again!

. - here's some opinions:-The S-Corp in the medical practice should be a non-issue so long as it has existed over 2 years and has 2 years of W-2 data for you. 

Hi Carl,That seems like the best solution.The lawn really only matters on turns, as long as the renter doesn't mind it), and this one seems to not care.Good Luck!

As long as the PM is experienced and professional, I'll be more than happy to give them the reigns. 

Shouldn't be an issue as long as no problems with title.A Quit Claim deed doesn't guarantee a clean title, but you could still have one.

I spoke with my broker and the real estate attorneys we usually work with, they said, as long as the plaintiff/ tenant's attorney is able to file a motion or whatever and relate the intentional of the out-of-state company with tax evasion matter, then they can have the liability court in the city where the property is located after the first motion is resolved.

Essentially identical to a sale with owner financing but the deed stays with the seller.Yes, you can 1031 into such an arrangement as long as the contract has been written so that in the terms all of the burdens and benefits of ownership have transferred to you. 

But as long as you plan, have your finances in order and educate yourself you’ll be fine!

As long as it appraises at or above what you are paying for it, that's all the bank will care about.