He did say it is not often caught or taxed... but a few people have gotten in trouble.Thanks-Terry

Often a "notice of demand" or "lis pendens", though it goes by different names in different places.

Georgia also conducts tax deed sales, rules and times vary based on county Bidding Process All tax deed sales are by competitive bid State Specific Information Georgia is a good tax deed state but the auctions happen often and the foreclosure process in not easy http://www.tax-lien-certificates.com/tax_lien_certificates_georgia_ga.htmlhttp://www.nuwireinvestor.com/articles/georgia-tax-deeds-51021.aspx :beer:

Finally, the distressed properties that we often buy for HUGE discounts have been neglected for many years and haven't incurred the normal operating expenses - especially maintenance which is often deferred.What this all adds up to is that it is usually impossible to get accurate numbers for a given property.

Often, site managers ARE the source of your problems.

Is this too little or too often?

But.....the best laid plans have often been stopped in their tracks (wee funny) due to special interests, the uneducated and highly capitalized and the truly green yet clueless environmentalists.

If you depreciate that over 5 years you get an extra $2K/year in write offs, if you're in a 25% marginal bracket you would save $500/year in taxes.I only ever did it on new carpet and HVAC systems, because I'm a big believer in "keep it simple, stupid", and extra depreciation schedules complicate your life, and I was always more interested in increasing my revenues than cutting my taxes.My former CPA was pretty conservative, but still I often expensed small dollar items instead of capitalizing and depreciating them.

During foreclosures, HELOCs often get discounted to almost nothing, so banks have become reluctant to give them out.

There are often a list of exclusions.