The land is divided into 24 lots that all have their own septic, electric, water etc. each lot is leased to people who own their own mobile homes and they pay a monthly rent for just the land of $175 (which is a bit under valued should go up to $200) owner takes care of absolutely no maintenance, utilities, structural insurance, etc. 23/24 lots are filled with long term leases in place.

@Jay Hinrichs    They have absolutely reduced them for primary residences. 

This is the question that I feel many are downplaying by simply sighting that rates are low in an absolute sense within a historical context rather than looking at the relative value and risk of all other alternates of today, which is historically unprecedented.Personally, I'm concerned for those that seem to think they have total and 100% control over their total returns in REI, or anything else for that matter, regardless of what the market does ... while I do try to isolate what I do know and have control over from what I don't and focus on the part that I do, having been through the last downturn I try to maintain a bit more humility and margin for error around the vast portion that I don't.

Most just go the conservative route and lump it all together that's absolutely true, about 97% of property owners have not used a cost segregation study.

@Jacob PereiraI absolutely do not advise clients as to which areas have good schools and low crime rates.

If you presently have a home worth $135K and you need to move up there is absolutely no need to spend $550K for a little more room.

You're absolutely right Account Closed !

Absolutely, provided that the four homes qualify, and you have the required intent to use the new property as investment property.It might be a bit tricky as far as timing goes.  

It will absolutely improve your close rate if you use it.  

I've also read the article about the $35,000 "pigs" that folks seem to hate.At the same time, I'm buying distressed properties that were previously rentals that are absolutely trashed from neglect of the previous landlord.