A roof is a special class of property under 179 allowing you to take it (assuming you meet the trade or business requirement). 

Other beneficial tax strategies would be a cost segregation study and bonus depreciation which would allow you to accelerate your depreciation and not have it set at 27.5 years. 

Others zones that to allow multiple apartments mayhave other requirements such as larger lot sizes, parking, etc. 3.

I've gotten into plenty of arguments with sellers over "my numbers", but this strategy has only done wonders for my returns.Running My Rental Portfolio Like a BusinessI've figured out pretty early on that owning 1-2 properties isn't going to make me rich or allow me to retire early.

Not to mention the GL is usually only about 15% of your overall insurance cost.I'd suggest asking your lender to put into writing what is the maximum risk they will allow you to take and then give those guidelines to your broker and see if they can improve on your current program.

San Bernardino must have more liberal rules if they allow larger.  

An inspection contingency allows the buyer to exit the deal if material defects are found. 

The the lowest downpayment FHA loans allow is 3.5%), so I would need  $ 7,000 cash not including closing cost.  

You could also buy the property as-is, and start the eviction process as soon as your state laws allow.

I have to go before a town board to petition this.All the surrounding houses are sfh, and the building commissioner was uncertain if they would allow it.