Note investing is not passive and it takes time and effort and the first year you will learn a lot but there may not be a lot to show for it and people tend to give up very earlyI would be happy to chat more offline about where I received my training etc as I know there are rules on BP about promoting people and their courses etcThanks

Not sure of the rules if they move out early for a voluntary transfer versus being shipped out for war reasons.

FYI it's generally going to have to be "dumb person and toddler" proof to close on the purchase ("dump person and toddler" proof is an easy rule of thumb for when an appraiser is required to call something out as a "health and safety" hazard), assuming you are getting a normal mortgage.

I'll let our esteemed CPAs battle that one around.Conversions when done by individuals since 2008 have some different rules that you would want to be aware of if they apply to dissolved partnership property.1.

Just saw an article on Bloomberg alluding to changes with 1031 exchanges.  The gist I'm getting is that the cost basis for the new property will be stepped down to adjust for depreciation on the property that's being ...

Including ANDRecord the purchase, closing, settlement, loan costAny improvements DepreciationWhere did you get the money from to pay for it At the end what your equity isAND it is pretty simple as long as you track your each and every penny:money inmoney outthe money you owemoney someone owes you= equityOnly possible if you track all on Accrual Basis. 

But there are a few exemptions to the rule and I think inheritance may be one of them. 

Hi Bob,the only pitfall I see is that the ADU process is very slow, our new mayor is trying to improve things but the last time I checked 4 months ago, the SFDBI was announcing 6-8 months wait to get the ADU permits approved.

@Leland Smith Yea we all have different rules.

Rules of the exchange are about intent and use of property, not quality or type.