I don't stop for a second to think about IRS rationale for various rules - I have no power to influence them, so I just want to get maximum benefit from their rules and regs.You depreciate the cost basis, which includes your purchase price plus capital expenditures - and diff. parts/systems can have different depreciation schedules if you choose to adopt accelerated depreciation.  

The VA Loan is a very powerful tool you can use up to the four plex level, and if I had it freed up, I plan on using the VA loan on a multi family home once the loan is freed up. 

Knowledge of the law and process is very powerful in negotiation and finding deals.  

The wasted money is the money you put down to avoid something that is not costing you as much as the loss of earning power on the down payment will.

You will learn and knowledge is power.  

Power of compounding interest is most powerful force in universe said some smart guy way back when ;)

I also include a power of attorney in my loan docs and have already taken over title on one of these properties, so if the tenant doesn't respond quickly, I will be able to quickly move them out.  

. ** Here is my power phrase that helped me weed out stuffy bad Realtors.

I want to talk to her.We asked if he had power or attorney for his father and he said no, then got kind of defensive about why would he do that?

Plenty of opportunities in South Jersey and creating your power team.Let me know if I can assist.Regards,Joe Scorese