Long story short, after doing the math it would take roughly 12.5 years to get our offer amount by renting; yeah we understand homes usually appreciate over time; however in these current times where demand is super high; and all the red tape surrounding landlords; Id say cut sling load and sell.

However, you are able to depreciate the building and its’ components.The land value is utilized in a cost segregation study and it is crucial that it is accurate so that it does not result in incorrect depreciation calculations which would open you up to the risk of an audit if it was overstated or you would miss out on tax savings if it was understated.So, we now understand the importance of the land value, but how do we calculate it?

I now understand the island dynamics pretty well, i am also a British virgin islands resident.

Hi Twee, I'm local to Miami and have a good understanding of the Miami Beach Airbnb regulations.

Understand what forms are needed and when, don't be late filing them, and you can avoid the need for a specifically trained solo 401K expert CPA. 

From my understanding, the seller finance laws are quite different in Canada vs the US. 

I have reached out a Liberty Tax, H&R Block, a local account to help me understand how this return should be completed.

Go take a drive through and you'll understand.

If I am understanding the situation, you took at a 12 month loan and it is now due and the lender is foreclosing (I do not understand the six month comment).Here is the reality, getting a lawyer and spending $ to delay a foreclosure is only going to cost you more $ as the lender will also have legal costs that get added to the loan and you will have legal costs.Your options are refinance or file bankruptcy.

I understand that realtor commission can be used, but I haven't been able to get an answer about MLO commission and if that can be used?