With this info they could also easily identify all illegal rentals and smack them with fines too.HONOLULU (AP) — Hawaii is seeking to find vacation rental owners who aren’t paying taxes by getting Airbnb to turn over rental records.Hawaii News Now reports the state Department of Taxation filed a court petition last week to serve an administrative subpoena on Airbnb for rental documents dating back to 2008.The department is investigating vacation rental owners’ compliance with the general excise and transient accommodation taxes.State Director of Taxation Linda Takayama says the department’s goal is to get the taxes paid, which could involve penalties and interest fees if owners haven’t been paying.Airbnb in a statement said it has received the request and is reviewing it.

To get the maximum benefit from bonus depreciation you need a forensic detailed engineered cost segregation study to find all the 5, 7 and 15 year assets.Cost seg hasn't really changed with the new tax law other than that the benefits are supercharged due to bonus depreciation.

The closing agent has no responsibility in this.....they simply close the transaction as per the contract language and written agreements provided by the parties, they don’t go investigating/verifying such things.

I’ve been trying to investigate this, and by no means an expert, found this info online, http://www.escapeartist.com/realestate/investments/1031-exchange-foreign-real-estate-tax-considerations/According to this article:“A like-kind property is any property held for business or investment.

You'll need to hire a private investigator that can locate him, and then serve him. 

I live in Texas and we are getting nonstop rain and there seems to be no end in sight in clearing up this situation.Now this is where things will get interesting I am a private investigator so I have an application that records all my phone calls. 

@Karen Margrave  who you probably know from BP she ran into this in Oregon as well.. its quite confusing to those of us that came from CA like Karen and I and there you don't need a developers license.. but you need a Real estate license to make any kind of middle man fee.. same in Oregon.I finally got tired of is this legal or not and sent in  a copy of a direct E mail piece I got from a Quote un Quote wholesaler in Oregon that I knew was not licensed and did not own the property here is the response I got from the state.State of Oregon - Real Estate AgencyFrances Hlawatsch | Financial InvestigatorBest regards,Thank you again for the information, if I have further questions for you during the investigation I will certainly reach out.The Agency is well aware that unlicensed “wholesalers” are rampant in our jurisdiction.

The proper way to have it all done is a forensic engineered cost segregation study, but on a single small rental property the cost-benefit sometimes doesn't make sense.

-This deal seems worth investigating more into.. though there's no actual pictures and only a description.

You'll be glad you investigated this option!