But I'm curious, and the tax guys can probably give examples, if you are at 155,000 and you have hit a phase out/rule that says you cannot deduct 25,000 in depreciation, isn't your effective tax rate on that last 5,000 over 100%?

Is driving for dollars really effective or is there a better way to find motivated sellers in select areas?

Usually not, unless your contract has wording to that effect.

I do have some great relationships with probate attorneys though.

(There were complex relationships that had to be set up to be legal that few besides our clients ever bothered to set up.)

Walk-throughs with maintenance reports would likely not be cost effective for them to do.

The codes concerning water connected to 220V that people climb into are pretty specific.If the tub burns up and/or the house burns down, their insurance and your insurance may not cover the damage if the tub was not properly wired.If you agree, in writing, to allow the tenant to repair or modify the tub and/or the wiring you are effectively putting your own head in the proverbial noose.I work on a lot of tubs at long-term and short-term vacation rentals.

This biz is all about relationships so first words of advice, start forming them and never stop.

You could find problems if you go see someone and then they ask thier attorney about your suggesting to "help" them.If you have a personal relationship with them, that may be different.Now, unless you know what you're doing, might be best just wait for the FC sale. :)

The local assessor is too valuable a resource to spoil the relationship over the misuse of data.