I would want to tie up the whole complex to have control for the look and feel of it.What are the other types of properties around these and what has the recent crime activity been with violent versus non-violent crimes.If most units have been remodeled WHY haven't they been able to turn it around??

Ebere,I must distinctly disagree with you as IRS rules and regulations state that all expenses in preparing the property for rental activity(defined as listing for rent or actually renting which ever comes first) are added to basis.He inherited the tenants when he filed for the deed of a home in which as he stated the intent was to flip.

I find it amazing that not a single active member of BP seems to have gone through RDPD and is a proponent of it (or perhaps I just missed their posts?)...

Stay active on the forums, ask questions and build your list of colleagues and I am sure you'll find what you are looking for here.Just my 2 cents.

I am a active Duty Soldier stationed in Hawaii.

There are numerous strategies to obtain deals.

Any activity yet?

If you are not taking in any rent you may consider this a second home and deduct mortgage interest and real estate taxes as if it was simply a second home.That would be why they cannot depreciate it.In some cases such as additional depreciation allowed on business(non-rental) assets you may take additional depreciation the first year.To summarize:They will not be able to depreciate it unless they are in a for profit activity.

The answer should really depend on your age and how easily you can generate cash from activities external to your real estate business.

That would mean tearing up the yard, the walls and ceilings to install it.I pointed out that the kids would be tripping the alarm all the time and activating the sprinkler system.