We have already spent hundreds of hours of our time building these templates with lists of repairs and price ranges to save you time.  

But it is the tax return that will show the conversion of your property from personal use (schedule A probably) and into an investment property - (schedule E or schedule C of your tax return).

The IRS has ruled that depreciation of "1245 property" (the segregated personal property) may also be deferred in a 1031 as long as there is an equivalent amount of 1245 property in the replacement property. 

I've met Allen in person and he's a very solid person to talk about mid-term rentals with. 

Personally I do house remodeling full time.

“Sit empty” means not use it personally at all?

Out of State:- If you have $500k in capital I personally would go for appreciation: Nevada or Arizona.

Just received a personal message from a guest who just checked in last night.

We bought the place 4 years ago for about $1.3 million with a $650000 new first, 15 year at 4% fixed (btw, no personal guarantee on the loan because 50% LTV/LTC).

The idea is that under these conditions, I would not personally benefit which could be viewed as acceptable non-rule breaking actions.