I think this is a basic question about how depreciation works in a 1031 exchange and I think the easiest way to ask is through an example:I buy house A for $200k, over the course of 5 years depreciate $50k of it, and then sell house A for $275k in a 1031 exchange for house B which I buy for $500k.

Thanks Guys.....I am using QB for the banking  but just looking for a basic spreadsheet format for expenses .....I will check out Rentec!

We pay a base salary (not as much as you think) and $100 per house he rents.

The county will do their best to respond and stand up for codes and laws, this we know, however the burden they carry in modern times is sometimes much greater than they can easily manage.The point I am getting to is this: more absentee landlords and more rental properties means more local tenants who most likely have not been told county laws and whose lease is probably the standard, off-the-shelf issue, not requiring anything like a basic understanding of respect for neighbors (no cars left running, no loud noises at night, no barking dogs at midnight).

Cost was $81 sq ft (not including land $26,000) but up here in the snow belt it's tough to get a basic (2x4 shell) new build for under $115 sq ft.I just completed a rehab on a SFH we have owned for some time & unless you cut a lot of corners it would be tough in this area to make living doing it.I enjoy your threads ...

The two tenants pay $1259/mth (2BR and 3BR units), and a basement 1BR apartment that is vacant and needs cosmetic rehabbing.

This is a basic service.

Higher standard: I know real estate agents are thought to be held to a higher standard, but it's hard for me to envision a licensee that just because he took a basic principals course and passed a grade level exam would be held to a higher standard than an investor that has done several hundred flips or a real estate attorney with 25 years experience.Assuming a re licensee was NOT acting in the capacity of the license, but simply as a principal, does anybody really think a judge would hold a re agent to a higher standard than any other equally (or more) experienced real estate professional, under the same circumstances?

Our last house had a suited basement, we lived on the main floor, tenants had a basement suite, only shared area was laundry/common area in the basement which our dog and cat don't have access to.

You first need to establish a base to start from.