If they're trashed after three years, you take the remaining depreciation at that time.

As far as 2], my search has remained inside of the I95 belt.

If you have any more than a film of water remaining, you have a tilt problem.

The title company's incentive is to keep all parties happy and remain neutral.

As such, the Mortgagee can not pursue foreclosure and the HOA remains on title and is no longer Subject To the Mortgagee.

I actually am currently in the process of putting a deposit down for a very popular new subdivision, and am contemplating buying out the remaining slots as well to flip for profit.

You can take bonus depreciation (expense 1/2 of the cost) in the first year placed in service (some exceptions) and depreciate over the remaining life which is 5 years for autos.

With start-up expenses, you can deduct up to $5,000 of qualifying expenses in the first year, and amortize the remaining amount over 15 years.

There was a need for an EAT to hold title to the replacement property over the period of time from the closing of the relinquished property until all the remaining funds  were expended in improvements.   

But, the up-trend is not in SF city. in fact the city has remain mostly flat through all 2014 every month.