They helped me find a hidden gem in a triplex that was being run, sold, and marketed as a duplex.

Because bonus depreciation is the required, default treatment for qualified property defined in 168(k).You literally have to elect out of bonus depreciation via the 4562.However, other additional factors may work to increase audit risk.From the instruction of 4562:"If you timely filed your return without making an election, you can still make the election by filing an amended return within 6 months of the due date of the return (excluding extensions).

Then I read all the hidden documentation, talked to the doctors, and met the clients who worked with years ago.

I've run into a fair share of inspectors who, while well-intentioned, don't understand the issues with older houses.I'd also suggest building in a higher slop amount, as there's frequently hidden damage or other lurking problems.Good luck!

@David Jackson different strokes at different lenders;Mortgage servicing agreements stipulate due diligence and compliance, the servicer may be empowered to act, the trustee may have instruction to act, that may trickle down to a mid level clerk.

That is not hidden.  

By not following your instructions they are violating their fiduciary responsibility of obedience.

Thanks for the plug but I'm about as slow as congress trying to pass new tax reform laws.Trying to advise a BP poster with an opportunity in hand is frustrating.Biggest problem: lack of deal flow for poster translates into attachment to the opportunity.Next biggest challenge is lack of sufficient information to make an intelligent decision.Sure, I'd take the deal off the market and tie it up, however there are many hidden land mines and fresh cow pies along the way.It is possible to transfer title when record owner has filed BK 13 by debtor filing a petition for voluntary dismissal and getting an order for same.

Also check out their management agreement and look for hidden fees or other issues.One thing I always stress: you get what you pay for.

After I learned this, I also put in a pre-auction backup bid at the highest number I wanted to bid by emailing auction.com (per their instructions) and the next day found out that the bank accepted the first pre-auction bid.