Another thing to think through is all the other ways to build wealth you miss when you rent.

Detractors have said that it's pointless because the $10K in question is still charging you the same amount of interest regardless of whether it's on your mortgage or your HELOC, but that's missing the point and ignoring the benefits of how it works in the real world.

Are there any super delicious places to eat that have animal-less options that we absolutely can't miss out on?

@Ross Mcarthur what features are they missing?

I believe I am analyzing the properties well, but I am just concerned that I might be missing something.Thank you to all who take the time to reply.Regards,Kevin

Would love to join the next get together... somehow I missed the first one! 

What am I missing and why aren’t more people doing this with nice properties?

If its been on the market for 5 years, dropped in price by 70%, has approved plans and permit fees paid and its STILL on the market there is something big you are missing or are not being told.

Told him to leave ill do it myself.)Bad sill plate on rear corner (contractor)Replace front porch postsBuild backporch stepsDemo barnInstalling concrete footers under home, laying block and shimming to your jacked levelSetting house back down on blocks and reattaching to foundationRemove floor and portions of subfloor in kitchen & back porch and replacement Window repairTemporary power pole (electrician)Electrical service upgrade, outlet replacement and GFCI Install (mix of Electrician and us)Label panels (electrician)All exposed wiring must be protected (basically just replaced all of it)Replace missing light fixtures (new fans throughout)Build wall in living room to convert to 3rdbedroomRe plumb house and pressure test plumbing (plumber)Install smoke detectors hardwired to meet code (electrician)Water Heater electrical line, and core discharge for water heater under house (plumber)Tear out Old ac unit under houseWindow screensWindow locksBackflow prevention valve (plumber)Fart fan ventilation for bathroomApproved Address Number DisplayedFlaking paint abatement interiorClothes Dryer exhaustPaint Untreated woodRemove all debris, Remove old tiresRemove chain link fenceTreat house for black antsPoly floorsMud and paint wallsAppliancesDoors/locks.Roof patch, remove 12x24 section, cut out rot, sister in new beams, put new plywood & shinglesPiles and piles of new electrical wiring (electrician/us)Sand all walls and spray texture ceiling and walls with joint compoundPaint whole house inside and outNew trim everywhere.Sand the every living hell out of the floors (100 hours of labor + help)Gutters and french drainNew mailboxA/c Unit.

The way I see it, as it is now below 50% business use we should commence depreciation recapture for 2019 (and onwards until we convert it into the primary residence or we’ve recaptured all the depreciation), and as such should recapture the average annual depreciation each year.... or am I missing something..?