Since then, property has been brought to market rent and vacancy was held under 4% in the last year.

If this is a legitimate mold issue: need to get it fixed.

Also the majority of those costs to covnert to a 2nd unit will need to be capitalized and depreciated, but some things (new appliances, flooring, paint, kitchen cabinets) can be shorter year assets vs. across the full 27.5 and IF it turns out that unit is > 50% you can use bonus as well on those items.

The ability to use leverage and reduce taxes in your highest earning years without having to put money into qualified retirement accounts is a great way to build wealth.So - If you own an STR:1.

Soon after the new year, I will be meeting with Judge Waldrip to update him on all things in regards to this case.

But, nice to hear from you.

Hey Joel, WELCOME to BP!!

So lots were trading at 500. to maybe 3k in the day.. then they shoot up to 10k and when there is a boom they will shoot up to 30 to 40k only to drop back down to 10k I have watched those prices all these years..

Just consider the rent you saved buying the place as part of the profit plus any/all the write offs you’ve had for 3 years. 

My brother was looking into it years ago.