Appreciation - The location must be appreciating at or above the inflation rate.Investor friendly - The cost of doing business and local regulations and taxes must favor investors.I will explore each of the three criteria below but first, a comment on selecting properties based on ROI.ROI is Only a Snapshot in TimeIf you anticipate holding the property for many years, what is happening long-term is more important than what is happening today.

Well worth it for dealing with the regulators. 

Find out if there are any laws or regulations that impact the legal fees. 

The end result of all these obstacles and regulations will be consolidation and regulatory capture by the very big players that have enough money and direct political influence to work around this nonsense and stay profitable.

Comments like this need to be forwarded on to elected officials and regulators so they can take active steps to prevent this kind of thing.  

you don't need it. 1st you wont learn anything, only some regulations and ethics ... other than that ... not really necessary .. 

I am now regulated to the bull pen I only click on votes I got that then take me to the thread I know about and then maybe make a comment.. or mentions.. since I have quite a few posts I get 2 to 10 votes each and every day.. so for now that's how I will use it  but as time goes on without change or the ability to go to last post straight away and see how made the last post. 

The regulation you cite is called "26 CFR § 1.168(i)-4 - Changes in use" and from what I see applies to personal use property (e.g. a person's residence) and tax-exempt entities converting to taxable entities.

The latest tax benefits (cost segregation, Tangible Property Regulations and more) can add as much as 6-10% of your property purchase price in after-tax cash-flow to your bank account.

And they'll guide you through the maze of regulations.