But I could not find his post on that.Here are some threads that might help the OP: http://www.biggerpockets.com/forums/51/topics/81868-home-repairs-and-tax-write-offs http://www.biggerpockets.com/forums/51/topics/110032-cash-bought-primary-residence-to-rental-capital-gains-and-costs http://www.biggerpockets.com/forums/51/topics/70013-techniques-to-report-capital-improvements-as-repairs http://www.biggerpockets.com/forums/51/topics/116094-how-can-i-take-advantage-of-depreciation http://www.biggerpockets.com/forums/51/topics/108905-room-for-interpretation-in-tax-laws

I'll never understand why people insist on making this business SO much more complicated than it should be...1.

Just renting it out on a standard month-to-month lease gives me the most flexibility and is the least complicated.

No double taxation.You will have to file fairly complicated returns in CO, IN, and MI as well as federal. 

I would be interested in knowing this technique :-) 

Here in the city it's just a little harder to find the INCREDIBLE deals because there are so many huge, sophisticated investors and the market can be incredibly complicated.

The other building was 80% occupied and was slightly more complicated.  

To time consuming and complicated

An investor using this technique screams I don't have any money and it will be a miracle if this closes.

Originally posted by Tinna Li:I want to learn about business, real estate, accounting and investing in stocks. .That is wise many new investor focus on real estate techniques but Real Estate Investing is a business and you need a wide variety of skills.