Some examples of this would be 1) depreciation calculations such as switching from straight-line depreciation to accelerated depreciation (often used for cost segregation studies when not performed in the year placed in service), 2) income recognition, and 3) inventory valuation such as changing from LIFO to FIFO.Correcting a mistake: If you realized that you used an incorrect accounting method after you filed your tax returns, you can file this form to request permission to change to the correct accounting method so that your tax reporting is accurate.Here’s a chart that you may find helpful when deciding whether you need to amend your return or file a Form 3115.As always, I recommend consulting your CPA or tax advisor as the rules can be complex.What is your experience with filing a Form 3115 or amending your tax return?

The neighbor's insurance will cover the cost to fix the damage.

After taxes and selling costs we should net roughly $700-850k depending on final sale amount. 

Land costs make it very inefficient to build 1-4 at a time.

Hello all,I am looking for recommendations for a lender who will fund the acquisition of land and the cost to construct a duplex. 

The investment is the down payment plus the closing costs: 40,500+5500= 46,000.ROI = 4297/46000 = 9.3%GPT doesn't understand the power of leverage?

Your costs can probably be deducted.

I got a 3% mortgage, and closing costs covered.

Most of the lenders I’ve had contact with have the 25% DP requirement, high rates, and high closing costs 

Are you trying to cost seg properties?