Andrew, your lawyer was talking about a cost segregation study.It involves identify and separating short life assets from your new property basis and depreciating them separately, thus accelerating depreciation.For example, you can depreciate a 200k property over 27.5 years, ORUsing cost segregation, you determine that you have 20k in 5-year assets within the home(carpet, fridge, AC, etc...)You can depreciate the 20k in assets over the next 5 years and depreciate the 180k for the property over 27.5.

I would HIGHLY recommend that you get involved with ALL of your local RE club meetings, NOW.

If we do further screening, then we mail them a key AFTER we get the full $$ squared away (never give possession until the money is completed for any reason).

And then my post was "edited" so I just left these forums because it seems someone with power here is involved.

Hello,I've been hanging around the Rehabbing forum a lot lately, but for me, I will most likely be involved in a single family detached house development.

Spend some time getting involved around here and you're very likely to find them.

It was the best move I ever made, as it set me on a course to become more involved in real estate.

That is when i'm hoping to get more involved in this group.   

I charge more for any research I do or leg work involved.

I want to get involved in real estate investing and have been looking at as many places as possible while doing research online.