, 2) get added to the basis and essentially only have 26 years of depreciation (27.5 - 1.5 years), 3) go onto its own, separate 27.5 year timeline, or 4) something different and if so what?

I can essentially serve as a property manager: tending to the house (cleaning, maintenance, etc), working and coordinating with any affiliated contractors, and I can even perform rent-roll, T-12, or DCF financial analysis for you on the property, or look for other properties as well.

I would look at submarkets outside of downtown as well, given the lack of people working in offices downtown for the forseeable future, restaurants and bars essentially closed, the appeal of downtown is not there right now.

Hi @Chris Reyes, I haven't run into this, yet if you have the appropriate paperwork on file for the trust and have a direct line for the administrator then it should function pretty smoothly. 

You could get lucky with their advice, but you're essentially left to your own devices for making it work.

@Dan DiFilippo I have been working with a real estate agent through Realtor.com, but I haven’t signed any paperwork yet.

I'm now just paying about $1k for my taxes and insurance (including super expensive earthquake and umbrella liability policy) which are essentially my living expenses.

All week I continued to hear about VA’s (virtual assistants) and how important it is to hire them so that I can transition from doing the “admin work” into the “boss” role, essentially taking the dream and making it a real business for myself.

Start with your local banks and CUs.Each bank essentially chooses it's own source of the "prime rate" (WSJ, LIBOR, etc.), that's the "index."

There's a few more requirements than stick-built, but essentially the same.