The funds the tax department allow us to claim for depreciation is to allow us to replace the item at that later date.The only thing that increases in real value in real estate is land because it is the limited resource.

We held it at the Treasure Island Resort & Casino.

The property is located in long island and the home prices have dropped drastically which is why the numbers are so low.

My dilemma is this I don't know the island ,it's not the safe according to my mom.

There are resort communities like Championsgate, Windsor Island, Solara and several other top tier resort style communities that are literally built to be STR without fear of the HOA or city retaliating against you like is happening all over.

I have a place in Treasure Island.

Ive been selling my investment in 7 states to invest in Hawaii County(the Big Island)  The best weather in the US, low crime, Investments from $10,000 to $10,000,000. 

they got a little caught up in their last deal - live on long island and saw the appreciation fall out from under them...but they're NOT overextended on multiple projects/loans like some builders/flippers i know.anyhow - heck you could buy the owner occupant for the long term - start a corp or LLC, manage it correctly (paperwork), then start "flipping" - only thing is RISK and how much you're willing to engage in it.flipping cars is one thing - flipping houses is another - more liability, more issues to deal with in terms of FINANCING, etc.

Originally from Brooklyn/Staten Island, I recently returned to NY after living in Portland Oregon for 9 years. 

Would love to link up with any/all of you on an island for a networking event sometime!