If you haven't yet- be sure to setup some "Keyword Alerts" to get into conversation in your target area.Seeya around!

@Alan Russell Yes that is correct @Joshua DorkinWould you be able to chime in on this conversation?

At the time a personal residence is converted to rental use, the tax basis for depreciation is the LESSER of fair market value at the time of conversion, or the cost basis (original cost + cost of improvements - casualty losses claimed).

Monday I am going to go have a conversation with my VA broker.

If you haven't yet- be sure to setup some "Keyword Alerts" to get into conversation in your target area.Seeya around!

If you haven't yet- be sure to setup some "Keyword Alerts" to get into conversation in your target area.Seeya around!

Here are a few recommendations for you:Find and connect with other BP members that are in your area http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you http://www.biggerpockets.com/alertsIf you wish to tag someone in the conversation on the forum, type @ followed by their name and then select that person below.

If you haven't yet- be sure to setup some "Keyword Alerts" to get into conversation in your target area.Also - here's a couple articles you might enjoy:The 21 Best Real Estate Investing Books Ever How to Rent Your House: The Definitive Step by Step GuideSeeya around!

Definitely jump in here and be sure to set up some Keyword Alerts for terms like "Seattle" or "Olympia" so you can jump into conversations that matter to you.

The use has to be created legally (building codes etc) at the time of original construction or conversion.