I am DE ian but want to get in NJ REI.

Does the dollar bill that is de-circulated depreciate?

About the home:  Located on the Central California Coast 35 miles to San Jose International Airport & Silicon Valley – 3 Blocks to the BeachThis lovely home was purchased by the owners as a new build in 1991 and is located on a beautiful and quiet cul-de-sac within walking distance of Capitola Beach and the Pacific Ocean.

You have neither loss nor income since your asset is not in service.If your asset is ready to be placed into service (is habitable), then yes, as soon as you place the ad and deem it ready to be placed into service, you could then look into whether or not your upgrades are eligible for the $2500 De Minimus Safe Harbor Election.You cannot rent a house that is not habitable, so if your remodel is such that there is no working bathroom, no working kitchen, no available heating, windows and exterior doors missing, etc., then no ad in the world is going to make your asset "in service". 

I would recommend a long enough term on the balloon for you to be able to get some improvements done so that when your note is de you can get some solid cash out refi terms and be sure to have your llc showing some decent earnings for the 2 years before you plan on qualifying for a loan.Sounds like a great deal!

Avoid: We need to avoid offsetting long-term capital gain with short-term capital loss.Do: STCG and Ordinary income are taxed at higher rate, use short-term capital loss to offset short-term capital gain or ordinary income (Limit $3000 for 2016).If you do not have any capital loss this year, but expect to have more than deductible capital loss of 3,000 next year, consider shifting some capital loss this year so that you do have to carry over the loss next year instead use this year.Expensing Asset:Use de minimis safe harbor to expense asset (2,500).

Regarding, not all the improvements will qualify for De minimis safe harbor rule though.

@Elaine Hester have you looked into a Delaware Statutory Trust? 

as someone who does this for a living and with my real estate, i highly recommend not using fiverr for SEO purposes if you don't want your site to be penalized and or de-indexed within a week. you get what you pay for.

Yet you would get several opinions from different attorneys, some recommending that every single property be in a different LLC and domiciled in Delaware which throws laypeople into spending a bunch of money on .... theory.In Louis's example, I'd imagine he's referring to a 1031 exchange.