., Form 8824 of your 2014 tax return carries forward your basis and resets whatever depreciation needs to be reset. 

What rate of return could you earn on the leveraged funds, and how risky is the venture that would be dedicated to.

The kids love it.”The rebound in housing has followed the broader recovery, as the area attracts new employers.Amazon has opened two huge centers in North Las Vegas for distributing goods and handling returns, bringing thousands of jobs.

What would you suggest my next step be as soon as I return from my training?

But I think the number one thing they (the gurus) don't tell you is how difficult wholesaling is for so little profit in return on average and how much it will cost you.

But if you roll your equity into your home, it's alternative cost will the your new mortgage %%.So, this way your $195Kwill be working with your new mortgage rate while it could be paid off by your tenants and get sold when market is very high again.Tenants usually complains about everyday problems: A/C doesn't work, toilet clogged, facet is not working.All these cracks etc - it's the owners problem and Tenants seldom worry about that.Bottom line: I'd use $195K in investment property if it gives you more return than new current mortgage rate.But you have to factor PM even if your wife does it for free.If the ROI is less than the rate - sell it and pay less in your mortgage.ps I think using leverage will get you to your goal quicker than paying off all mortgages....but each their own

In general if you can reinvest the money at a higher return than the rate you borrow at it makes sense.

I put about 48k into a property over the last two years-good for equity and rents but not so good for the tax return viewed by lenders.

When you guys contributed cash, you should have recorded cash as a contribution in the LLC's books. 2) When you invested in the LP, you would get rid of the cash from your books and record the Investment in your books. 3) After the year-end when your investment entity (not your LLC) files a tax return,  you will get K-1 from your investment entity. 4) You will record the activity of the investment that is shown in the K-1 in  your LLC's books.  5) After the books are done recording the K-1 from your investment, your LLC will file a tax return and will issue K-1s for you guys. ( just like your limited partnership investment issued a k-1 for you LLC) 6) You will pick up the K-1s in your personal return. 

Also in NYC they have there a people with sniffing dogs who inspect their apartments twice a month to make sure they don’t return.