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You would then depreciate this amount over 27.5 years, allowing for annual depreciation deductions on your tax return.

So if your debt (consumer or mortgage) is above an 8%, then feel free to pay it down to lock in that return.

My brother looked at about 50 houses and they all had some form of lack of permitting, back taxes, no legal road access, etc.2.  

Rent collection, tenant communication, template leases, electronic lease signatures, marketing, tax form prep, move-in/move-out forms, automated email reminders, background/credit checks, this list goes on.  

These strategies kick the can down the road by delaying capital gain taxes.

Once you get hit with a $675 to $750 HOA the NOI will become more of a debt service coverage.I would sell and if you get hit with a tax just 1031 Exchange it into the new purchase.

If you are stuck, not knowing where to turn, please feel free to reach out, All the best

The tax exemption benefits are useless to most of us foreign buyers and a pure marketing tool used by the local developers.

Class D is definitely not hands free however none of the classes of property are.