This would be my first property in industrial outdoor storage.

(Example: investing for long-term capital growth for your kids education in 15 years, you have $200K to play with, you want to be an active investor in a market within 3 hours of you).

Because you are getting the home for 5% down and hopefully holding for the long term, you will almost certainly be get a better ROI than the ROIs you can get elsewhere in the investing world.

Be ready for a huge amount of information at your finger tips.

Excited to be a part of this group!

Is there time limits to convert, I understand that there may be depreciation recapture, but if I keep that as a primary residence say for 20 years or longer am I going to have problems with IRS. or at some point way down the road there will be depreciation recapture or does that go away after awhile.

The definition of a broker can be found in Wis.

A fair price reduction would be based on the original price per lot ($12,000 x 5) or $60,000.

This money will be used to pay down some debt I have and also purchase 1-2 additional rental properties.  

or would you rather be more involved in the process of purchasing/selecting coverage?