If you get a cost segregation study though that identifies a significant percentage of the property is actually personal property with a 5, 7, or 15 year life you would be able to depreciate it much faster- perhaps even in the year of purchase with the new accelerated depreciation rules. 

She's had a good life and it will continue at a retirement facility, a few minutes from my house.

Here we go with the "every Property Manager is a lying thief" rants again.Here's how life works.

I am 32 years old and one of two partners in a (mostly) residential building and remodeling company that is in its 4th/5th year of life.

It must still be a 2+ year old business, but only one year of tax returns will be used to calculate income.Real life typical example we see, that I in fact saw just today:You start your plumbing business in January of 2017.Your first five star Yelp!

Fear could keep you from experiencing the thrill of life, from pursuing your passions.

In between life and raising our daughter, I'm constantly listening to podcasts, reading books, or educating myself online.

The reality is that having everything "paid off" makes more sense later in life when time is not on your side, but if I were you I would be looking to invest in assets that allow you to create 50k in equity without scrimping and saving for months. 

Do you think the asset might be used up to pay or sustain his/her life. 

@Cesar Egas I currently work in Del city as a police officer and been around the area my entire life.