To my knowledge, here are 2 methods to depreciate personal property (other than bonus depreciation)-half-year-mid-quarter (if more than 40% of personal property is placed in service during Oct, Nov and Dec)If MOST of personal property was placed in service in November, can 50% bonus depreciation rule still apply?

I recently did a simple refinance (I'm over the 4 mortgage limit, but for some reason it didn't matter on this streamlined refinance of a rental),,went off without a hitch, the new and old mortgage were both with Citi,,but its a new account number, and a new loan,,so my average age of accounts went down.I was in the process of a "real" refinance from hard money to a conventional, which got screwed up because my mid score went below 720,,,(paid down some cc's and got it back up)It is all a big game,,but there are ways to get hard inquiries off of TU, and Equifax (mortgage inquiries on equifax you can't get off however)

If you are running at 5% vacancy and you have two units paying at the mid month with 10 units rentable, you have an effective collection of 75% at the first of the month. (5% out due to average vacancy + 20% uncollected on the first).

I think I paid $150 or so for my membership to their "Mid-Peninsula" chapter last year, but the price for 2013 is $349 (to attend both monthly meetings).

If you get the property back mid month or after the first week you usually lose that month as the good renters are not moving mid-month just people with problems you don't want.

Hi everyone, I have a bit of complicated deal (atleast for the inexperienced) Please let me know what your thoughts are and how best for me to proceed.This sfh came to me from a friend, apparently his father went through a mid life crisis, the ex wife got most of everything, anyways he is 5 months behind on a rental property he has owned for 18 years.

We recently bought our 2nd house in mid December & have done a few repairs with a couple more to be done in the months to come.

Labor prices will vary based on many things:- Location- Time of Year- Skill of Contractor- Insurance/Licensing of Contractor- Finish Level- Your Negotiating Ability- Etc.That said, as Joel pointed out above, if you're paying RSMeans prices, you're way overpaying for the typical low- to mid-level rehab.

I'll keep everyone posted on how this goes, but we should have the entire process completed by mid February.

If that were in my wallet ;) I would be looking for a larger property, maybe commercial, and one that could provide an IRR in the mid-to-upper teens.