Depreciation begins when you place the property in service, either by occupying it yourself, or renting it out.You may be able to take advantage of a certain amount of De Minimis Safe Harbor write offs if they comply with the guidelines.

Originally posted by @Javier De la Rosa:Hi guys,I'm new here at BP but have been listening the podcasts on a daily basis for a while.

The lawyer also quoted a court case from Delaware that was not relevant to the facts at hand and provided a letter from a doctor in April informing us that the tenant is disabled.We responded back with the picture of the oil fill, the pictures showing damage and what it looked like prior to the move in as well as the move out video.

My D/E ratio is 1 or lower2.

I'm working on acquiring more rentals in Delaware right now...and maye eventually need to make that transition. 

And if an LLC, does that need to be registered in the state of investment, or just somewhere with low taxes (the classic Delaware filing)? 

Look at the Macau Floating Casino. https://www.tripadvisor.com/Attraction_Review-g664...When I was growing up in the San Francisco Bay Area the hippies started building house boats across the Golden Gate Bridge in Sausalito.http://www.sfgate.com/homeandgarden/article/Sausal...I have some small houses that I built in the State of Rio de Janeiro, Brazil and a small farm where I wanted to retire.

@Danet De Leon Touche, and well explained.  

Well, uhhm, smaller and older houses doesn't really help, they have a smaller foundation, meaning you have to have your structure built around it, or demo the whole thing, or have portions of it non-usable, in all cases, it is simply a tear down, I don't see how it is "de-construction", I still don't get the difference, by just mere words of it, it is a reverse of construction, which is demolition.

welcome @Andrew Jervisand I know Eleena de L.is in Philly and looking to buy some multifamily properties.