Thanks for the reply Immanuel, Yes you are correct, the property that I am looking at right now is a 9-unit property.

I am sitting here at HR Block and they are saying I can no deduct my LLC business expenses from my 2017 W2 income, is this correct or no?

And it sounds like there would not be any (legal) problem with beginning and ending rental contracts on the 15th/14th-- is that correct?

Most of the contacts (although not all) that are communicating on here are looking to sell newbies something. 

For example an email to your property management company dated pre-departure or something.That is not the correct interpretation of what the book said. 

@Andrey Y.I may have misunderstood your post that appears to be directed at me so i will see if I have the correct interpretation...."

I'm seeking tax tips for depreciation on an SFR that was purchased in 2014 as our private residence then converted to rental in 2016Details:Purchased in 2014loan was refinanced in 2015  We began depreciating in 2016 tax year, the year we began renting the home as landlordstax preparer for 2016 taxes entered basis amount based on 2015 assessment, not assessment from purchase year or for the 2016 assessmentunsure if bases was set correctly and whether to carry through that same basis or pull current year assessment for this and subsequent tax yearsTurbo Tax seems to be steering me towards using the purchase year assessment for the basis for depreciation.  

Numbers need to work, of course, but the people you invest with need to be transparent, communicative, and reliable. 

However, I think the SGF market will continue to stay strong due to expansion of local industries, even after a slight correction or leveling out.The raw land we are currently developing is what we picked up in the downturn between '07-'10 at foreclosure/bankruptcy pricing. 

@Rick Pozos is correct that in order to live for free you have to find an under market deal.