It will result in a much lower deduction in all subsequent years, and it will also result in a taxable gain when you eventually sell or trade in this truck. 

I always assumed that the smart money would be buying in the Boston area and renting long term but lately I am starting to question if getting a vacation home in Falmouth for 100-150K cheaper and fixing it up would be more profitable as well as a better move for us as a family. 

Next deal or few deals you can opt for cheaper financing.

All of their cheaper appliances are Amana now.

Every time they have to go to the bank to get a wad of 20s to pay rent, or have to order checks to accommodate your policies, it vividly reminds them how expensive rent is every month and the moment they get wind of a better or cheaper place they are gone.  

If taxpayers fail to file the annual return, the FTB may estimate taxes due and assess tax, interest and penalties.The new California Like Kind Exchange reporting requirements shall apply to 1031 Exchanges of property that occur in taxable years beginning on or after January 1, 2014.

Ex-pat tax issues can be complicated based on the foreign country you are in and what **they** consider taxable.  

Winterizing is cheaper but when you show a vacancy in the winter you want it to be warm inside not freezing cold.  

There is no taxable event associated with moving in. 

Doing it on your own is better, if you can get it done quickly, but this is probably a better, cheaper option than rolling it into your house.