Just for grins, our personal home was purchased in Cupertino in 1973 for 34K sold in 1997 for 305K - - you do the math.The clue here is Cupertino; located in the Silicon Valley where the hi-tech companies are co-located -- Google, Oracle, Facebook, Parc/xerox, HP, Apple and it's all located withing hours of the mountains, sea shore, fishing, hiking - - It was only pure luck that my employer moved me to a job in Palo Alto and I got to live there.That gain FORCED me into a 1031 for my MFU

I continue to invest in Philly mainly because of the systems and team I have there, not necessarily purely for the market itself.

If so, were you living there as well, or was it purely tenant-occupied?

Are you going to owner occupy or is this a pure investment?

So purely from a tax standpoint, renting it out for a period of time gives you the two best options: 1031 and cash out refi.Hope that helps!

Call the ghost shows, see if you can schedule a visit for an episode, that's pure pay dirt.

So I’m a little bias towards MFs now that it is purely my focus.

Originally posted by @Sean Cromarty:@Jay Hinrichs nothing proprietary about the software, it is a nice tool but I would say not worth more then $300Ya they tout that is the value proposition that their software is worth 3k .. strange company.. just pure speculation but I suspect they make a fair amount of their revenue on the 3k.. and of course some on BP swear its not mandatory but others say it is.and anytime you have a customer service sales person talking to you.. then you have a pretty big orignization whose goal is to bring in those 3k deposits..  

@David Des  Deposits in Maryland  33% at contract signing , 33% when work starts ( that can be parerwork ) the final third can be in draws .   5 day right of recision , 10 day if the customer is over 70 , if I remember correctly ( they just changed it ) .David , I cant answer questions about a property that doesnt exist , its pure speculation . 

For CPAs - are you looking for tax preparation or purely tax advice?