By default, the depreciation method for short-term rental properties is the straight-line method.

To be direct and get straight to the point, my main goal right now is to find a mentor and get my first deal before August 23rd of this year.

I assume the city is the best place to go to verify this, but I'm not sure if I would get a straight answer on their website, or by calling.

Compiling current data is simple in context, but you will need an honest and straight forward seller to get this done correctly.

Foundation issues can occur if a there is no downspout and the rainwater pours straight down the side of the property and softens the ground.

It's clear to see Alot of people on this thread  don't want to share secrets but there's ways to do anything in real estate brother just have to connect w the right ppl & not the ones who are against competition  Let me get this straight. 

The negligence thing has always been interesting to me because it seems so subjective...Gross negligence seems a more straight forward - rare to no inspections, known issues, complete ignorance of potential issues/lack of due diligence (ie: fence around pool w/ locked gate) etc.

It allows you to front-load depreciation way faster than the standard 39 year straight line.

No seller should be allowed to come out here and argue with a straight face that providing LESS information is BETTER for the buyer."

I fast for 48 hours straight every week.