Since I have taken the property out of service, does the above IRS guidance suggest that I reduce the basis of the property by the deprecation I have previously used and "from which (I) you (had) received a tax benefit".That's the only way this makes sense to me, but what does that have to do with our tax code?

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.

Is it a good thing for the loan's value - No.As I stated in my previous post, it doesn't seem to be valuable for your or this thread's time to fiddle with the lack of credit in file. 

Everything went really well, but I would say the one lessons we learned that is extremely valuable to have you're own 3rd party inspector go inspect the home and tell you everything the buyer's inspector will in order to save time during the closing process.

Thank you in advance for any guidance or knowledge! 

Because he did it on his own with out the guidance of a mentor or coach who could have helped him maximize the profits of the deal.

Any guidance much appreciated!

IRS Extends Tax DeadlinesThe IRS issued guidance Thursday evening to grant deadline relief for both 1031 like-kind exchanges and opportunity zone investments that are already underway.

A good PM company is extremely valuable in this situation.

BiggerPockets got valuable information which can be used in your successful journey as RE investor.