I would hate being so young and staying in one place my whole life just for a career(I'll be starting as a real estate agent btw).

Don't leave income on the table just because you will be taxed on it.3) Most real estate expenses are deductible in the year you pay them, especially if the benefit is immediate (like a utility payment or property tax).4) Some expenses are prorated through the life of the improvement, such as depreciable buildings and roof repairs.

I have learned in my 40 years of life that the appreciation is greater when it is earned.

If they sold you a deal, they expect to own the listing for life.

. :-) Phil has been in the construction industry his whole life, primarily single family homes and has recently transitioned into multi-unit residential developments.

Not everything is very black and white, however, and a lot may depend in some situations on how much useful, depreciable life is considered to be left in the asset replaced. 

I am an expert in Contract law and Real Estate law.I live in Phoenix, and plan to live out my life here, even though the summers aretreacherous.

I have basically lived here all my life, I have been in the plumbing trade for over twenty years and if any one has a question about plumbing I will be happy to help, just give me a couple of days to reply.

If you were to listen to all the people that say you can't do something, you'd never make it anywhere in life.

I could just say "ditto" to what Dawn just said and I don't want to sound like Mr Drama person to say you're putting yourself into a death spiral but I guess this is what I've said many times, if you get on their bad side, well they can make life hell for you.