After paying the cost seg guy, the CPAs and the tax attorney I can tell you (I'm in CA, your mileage will vary on that and everything else), on a 4.4MM purchase I would have taken a 594k total depreciation loss in 2017 due to the new bonus rules.Matt

I ended up negotiating it down to roughly 1% total and sold for $8,750,000.

Also the property will likely remain on the contaminated list for a very long time, if not forever.Might be a great deal, might be a total loser - either way do you research before you jump into a meth house project.

Remember, the original agreement to buy from the current seller is made by the LLC...not you.2 - Seller gets their $10k3 - End buyer gets their property for a total cost of $25k4 - You make $15k profit5 - The original seller has no knowledge of the $15k profit you are making. 

The total Sq Ft is 2083.

In my case, there was a 1st, second, and legal to get a total due.

Make sure you are including your payment onto the total price you're trying to sell it for. 

I've stacked my renovations and take them in order so I'm never paying 25% fed, 8% state, and 15% SS= 48% tax rate on profits but rather 15% fed and 8% state= 23% total  tax rate. 

It does add to costs but I have discovered properties that look a mess - and the property manager is shocked when I say I was at the house at 123 Main Street today, and saw that X, Y and Z are totally unacceptable - correct this immediately.

I'm not totally familiar with what the laws allow (or don't allow) you to do, but I do know since 9/11 things have gotten a bit more restrictive (unnecessarily so) for these types of things.Interestingly enough, I don't believe there is any requirement for building your own runway at your home.