It is in a market i really like because of growth and i believe the sub market is improving in that area.Do you see any downsides or potential issues to a house that is 2 units but listed as a SFH?

Your basis in the property is lesser of the below in the year it was converted to rental: 1) your adjusted basis - ( purchase price adjusted for other various stuff -- such as settlement cost, improvements to your house and so forth. 2) FMV ( which is not a tax assessment) if you have used the wrong basis, in 2016,  to keep things simpler and practical, I would catch up the depreciation to make it correct this year. your depreciation basis is determined on the year it was converted to rental, and generally, does not evaluate each year.If any improvements are made to a property, they will be depreciated as a separate asset. 

This is DEFINITELY what's best for the investor, as it improves their ROI. 

I would love to have the chance to talk to you.

I am making much better returns in the US and with the chance of appreciation.

Also, we're underwriting our deals right now with 10 year Fannie/Freddie debt and only looking at deals with substantial upside/value-add which also further improves your LTV once your Capex plan is executed. 

Chances are you are missing quite a few business related deductions.

It's a "buy, improve, and sell at the right time" strategy. 

The records or other documentary evidence must support all the following: The amount of each separate expenditure, such as the cost of acquiring the item, maintenance and repair costs, capital improvement costs, lease payments and any other expenses.The amount of each business and investment use (based on an appropriate measure, such as mileage for vehicles and time for other listed property), and the total use of the property for the tax year.The date of the expenditure or use.The business or investment purpose for the expenditure or use

With the new tax reform it brought a new chance for us to defer our taxes with Opportunity Zones.