The holding period of a separate element placed in service before the entire section 1250 property is finished starts on the first day of the month that the separate element is placed in service.The holding period for each separate improvement qualifying as a separate element starts on the day after the improvement is acquired or, for improvements constructed, reconstructed, or erected, the first day of the month that the improvement is placed in service.The holding period for each improvement not qualifying as a separate element takes the holding period of the basic property.

Welcome to the site Thanh.Your 1st step would be a sales license.Prior to obtaining a brokers license you would need to be licensed for at least 2 years and perform 40 transaction sides as well as complete 2 years of college with some specific business courses included in the 2 years of college.

I will be partnering with a local contractor who will perform the work as a subcontractor of my company.

However, we are getting a good deal for Home 2 at its price and a will probably see good appreciation if the neighborhood improves.

That's part of the play you should look for in the small town or foreclosure market, properties with extensive recent improvements.  

I made zero improvements to the property. 

It didn’t perform as expected.

They discuss deals, help each other perform due diligence, give opinions, etc.

I'm a new member  looking for like-minded investors in Indianapolis to learn and work together on Wholesaling and investing in turn-key properties and both performing and non-performing notes. 

I have been seeing deals in Houston where the numbers are improving, so I would question current management.Mark