Your accumulated depreciation was probably entered incorrectly.

Lane Kawaoka, Considering rental real estate is plastered all over the site, including several e-books, I'm not sure anything about it is considered "hidden" anymore.Also, it's incorrect to say that rental real estate doesn't have any fees.

If you make an incorrect election, you can always change this in the future.  

@Bill Exeter will correct me if I answer this incorrectly as he is definitely a 1031 expert.

Current heating is a single furnace and is a total loss since exhaust and distribution was done incorrectly. 

I have zero doubt that it may be politically incorrect...

My latest was a lady that called and told me she was offended by my letter and then went on a rant talking about how grammatically incorrect it was.

They've also found that on average, real estate agents sell THEIR OWN houses for an average of 3.7% more than their client's houses: http://home.uchicago.edu/~syverson/realestate.pdf This has been written about extensively by Steven Levitt, a very well regarded economist: http://en.wikipedia.org/wiki/Steven_Levitt Now that Demetrius' entire premise has been proven to be flawed (that's what happens when you confuse your own opinion with fact), I really see no reason to keep arguing the rest of the unimportant details he brings up, many of which were also factually incorrect (see above post for details)...

I have just started out in real estate investing only a couple months into it and I am still working out my quirks in my marketing!

Originally posted by Mr_Investor:Well my dad is also an engineer as well and he came up with the same answer as me 2.Your dad is incorrect as well.And yes Jason I'll take his answer and his knowledge of mathematics over yours any day of the week.Have you stuck the equation into Excel, Matlab, or Google (I even provided the link)?