Been looking at du-plexes, tri-plexes, fourplexes, de-tached houses, casitas, basically anything we can hack.  

I don't know how possible to de-contaminate a space with all of the tenants belongings in there.

I know a homeowner in an HOA where the HOA keeps forcing him to repair a little retaining wall that keeps getting hit by cars/trucks backing up into it due to being in a cul-de-sac.

I am based in CA, have a Delaware LLC which is invested in a Nevada LLC (syndication).

It can however at anytime be called to question by the city and could pit you in a position where you have violations and are required to de-convert it back to a basement.

I live in New York, the property is in Delaware.

(you would also have to factor in the de minimis exception)

We have written off thousands of dollars for the property under de minimus harbor before the property was placed in service. 

With all the competition from DC, MD, PA, NY, DE they are doomed until they find a new business model not involving gambling.

The cost of the furnace is over the $2500 De Minimus safe harbor amount I could claim, so I believe it will need to be depreciated.Speaking of De Minimus safe harbor, don't we have to make an election as to which safe harbor we're claiming for the year?