So, any excess funds from sale go to this new entity?

I have not gotten to the refi stage yet but the STR is doing great these first two months.

And what stage of the appeal is it in?

My team and I are just getting our flipping business started (1st house in rehab stage now) and an investor has offered us $30k for 25% of future profits (after this house).

And check out the show Stay Here on Netflix for staging ideas.

The previous RE crash was not just driven by the condition of the economy- there were highly systematic flaws in bank financing procedures that lead foreclosure (and therefore excessive supply) in a manner that a normal economic crisis would not likely cause to the same degree.

Reach out if you need more suggestions.To reiterate, I think speaking with securities attorney is critical at this stage. 

If there is anything left, the reminder (up to $25K) applies to ordinary income (W-2, interest, dividends, etc.) provided that the ordinary income is below $100K.If other income is between $100K and $150K, excess depreciation gets gradually reduced and does not apply if the income is above $150K.

Hey BP, I am in the early planning stages of getting involved in Multi-Family deals in Louisville KY.

We are in the very beginning stages of rebuilding our burned down structure.