The depreciation on rental properties (residential 1-4 units) are calculated from the value of the improvements and divided by 27.5 years.For example, lets say your rental is purchased for $200,000 and the land is assessed at $40,000 and the structure (improvements) assessed at $160,000.

To give you an example I spend about 2 hours on average a day monitoring my prospects, doing follow ups, managing my files, not to mention throughout the day I am receiving calls from responses to my marketing.

For example, I might find a property that can be bought at a big discount, but I am not buying right now.

If you're willing to strip the masonry and start fresh at the new site, then that might work but that won't be cheap.

In the back of my mind I thought this would be one to pass on, but I needed to get the example out there to learn from it.

For example, let's say that I want to find out how a certain ARM HELOC or a HEL adjusted at a given institution over the last so many years, where would I find this?

What they gave was something much more important-- love, support, and an example of strength and self-sufficiency.

The debt service value above assumes the entire purchase price of $700K was financed - I simply offer this to compare with the example numbers already posted)Cash flow - +$130/ monthWhat if your seller carried 20% (interest only at 6%) and you commercially financed 80%?

Example: I was looking in the Richardson TX area and only one duplex had been sold in that area in the last year.

Example, take a HELOC against my house, deposite the cash in the account of the LLC then write a check for the house..