The IRS also observes that when you sell a depreciable asset at a gain; for tax purposes, that gain is generated by market appreciation and depreciation previously taken on the asset.

Hi I've been observing market very closing for Multi-Family- 5 Plexes and or 5+ units buildings in central Texas.  

I WAS prepared and observed that I was the first person who had completed the exam and exited the room and no others for another twenty minutes.

Another interesting observation is that the more expensive the property, the more people seem to be open to it.  

Such great information (find them here: https://www.biggerpockets.com/store).One note: it's been my observation that investors rarely specialize in flipping *and* rentals.

@Jeff Rabinowitz, very interesting observation and very true.

Based on my observations, there are two kinds of investors.Those who buy for profit and those who buy for ???

What I see people say on here, and what I've observed in my personal life, is that PM companies are highly variable.Same thing with realtors, if you're gonna sell at retail.Are you comfortable with the legal aspects of working in a different state from your home?

Very close observation. 

As I said it is an observation based on a big assumption from one statement of yours....