It is different than a lease because some of the information may have been agreed to verbally or changed throughout the lease without being put in writing. 

Hey Kylie,Your question hits home for a lot of us trying to make the most of our hard-earned money.

I meet the appraiser there to walk them through the property, answer any questions and HAND them the folder with the above info. 

I'll add to the lease I guess?

The plan was to do as much as I can myself but with as big of a task as it is, I don’t see myself being able to do everything in a timely manner.

Hi all, I’d like to give a brief introduction(skip if you want).

Imagine you bought a property for $2M.The land (excluding any structures) is valued at $400K.Since land is not depreciable in the eyes of the IRS, we subtract the land value from your purchase price to get your depreciable basis.Your depreciable basis is simply where a cost seg engineer starts from when allocating your eligible assets into either 5, 7, or 15 year property.In the scenario above, your starting basis would be $1.6M since your basis = your purchase price - the land value.Having an accurate land value is essential to getting your depreciation/bonus depreciation calculations right.This is the starting point for any cost seg study that you do.

Loans for flips are usually 12 months in length and only require you to pay interest each month.

Looks like an infill lot…how long has it taken to get to this point?  

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