The increased depreciation deductions can offset your taxable income, including gains from the sale of the previous property.

I signed a year lease with the tenant already and the management suggested that i extend the lease to a two year.

Not the 10 percent down aspect, just the whole idea that you can deduct against w-2 income without being a RE professional.

Can the seller sue?

Quote from @Ray Watkins: What is the best way to finance a newly built, entirely new home on a property?  

Hello Andrew,just an example here, in this property I had moved in one unit and then rehabbed and moved into the other unit. 

@Chris RagerFor multi-member LLCs (and depending on the size of the project), you may want to work with a specialist for the operating agreement.

Aha yeah I dont really trust flippers to do the repairs correctly - Even with my own flip I was tempted to cheap out on it but you always pay for it in the end!

If the tenant makes sense, the rent is there, and it all works for the particular property, I'll go with S8.But I'm not the type to turn down a well qualified cash paying tenant simply because I only want S8.

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