Tax code is very complex, he may be very good in general but not good with real estate issues.

Or worse, a government melt down...Invest in your home country where the laws, zoning ordinances, and building codes protect you, and use the profits to take vacations in foreign countries you want to visit.

Under rules contained in the current Internal Revenue Code, real property is not subject to depreciation recapture.

Specifically, zip code 45206?  

These are just a few.You local zoning codes may limit where you can build a duplex.

Did you look at some properties they manage and check county to see if they have code violationsYou cannot undo what has been done, but also you may want to look deeper into how to avoid this and what diligence you need to do to make sure this doesn’t happen again.

I have done 2 flips in the past 12 months, both in the 77057 zip code. 

Based on the Jackson County’a building code, I believe it meets all the requirements of a bedroom except for the closet requirement.  

Based on the Jackson County’a building code, I believe it meets all the requirements of a bedroom except for the closet requirement.

Here's a link to MN licensing.https://www.dli.mn.gov/business/residential-contractors/resi...IMHO getting multiple bids is also important, make sure you follow permit and code requirements.