It’s not just appreciation that makes a property a good buy 3-5 years down the road it is a strong rental area, mechanicals, and rental friendly flooring, yard, etc.I have a client that has bought 14 units in 6 months he was not waiting for a home run, just good fundamentals and good rental attributes.

You'll also have to recapture any gain attributed to depreciation.So if you sold a property and 1031d it into a new property. 

Both have great attributes.

Even in a condo building, or a cookie cutter SFR neighborhoods, each parcel is different, every house has its unique attributes.

And you do not simply "split cash" - it is more complicated than that.Partnership agreements can specify allocations of tax attributes, including net income and depreciation, and it does not necessarily match cash distributions.

I'm thinking if it were segerable it might be easier to separately write off the purchase price tax basis attributable to it.

If debt-financed real estate is acquired via an IRA, any income attributable to such investment will generally be subject to unrelated debt finance income tax.5.

But, I'm also not sure what to make of the business model at this point:$45M losses on 414 houses sold before the pending downturn would certainly make me nervous as a shareholder (I am not a shareholder and don't plan to be...ever)I wonder what they attribute losses to - poor market, poor developer choices, both, other?

There aren't necessarily certain attributes/characteristics that prevent deals from being worthwhile, unit count or otherwise.

In that case, any net loss attributable to that portion of the home would be deductible as a rental (passive) loss, rather than being subject to the vacation home limitations.However, before relying on Prop.