Real life isn't TV.

No, generally speaking bonus depreciation only applies to tangible assets with a tax life of less than 20 years.Residential real estate has a 27.5 year life.

I enjoy doing it, I rent to section 8 tenants and love the kind of cash flow my units produce; I think my favorite part of self-managing is that every time I visit my properties I am reminded of how absolutely amazing my life is and how bad I could have it. 

I'm looking at a multi-family property and one of the closing conditions for the bank to approve the loan is an environmental form that they want the seller to fill out.The seller says that he would open himself to liability if he filled the form out and hence doesn't want to fill it out.The seller and his agent are very difficult to deal with (rude, abrupt, and generally uncooperative) and the only reason I'm pursuing it is because the numbers look good and it's a strong property.The bank says the only alternative to the form being filled out is to have an expensive Phase I environmental assessment done.Are there any other alternatives to this?

People see where I'm at in life and think I inherited it or just tripped over my position in life.

@Brad Greenstein it depends on the condition of the property.

It's sad that he can't figure out his life but it's not your responsibility.

A good property manager should know the market conditions for the properties he's renting. 

My back ground::: I have been primarily a Heavy Diesel Mechanic most of my life.  

After you lock up a property/contract, is it typical to show the home to potential buyers/investors or are they expected to take your word on the price and condition?