Breaking the chain of TI can be an issue for future owners obtaining their title coverage, your period of ownership may be excluded.

We've periodically checked in to see if we were good and each time we were told, "yes".  

The rest are in a discovery period trying to see what they want to do.With 500k down it is tough to get into quality commercial R.E. for hands off triple net.

Then each year you can take 1/27.5 of the value of the house (not land) as a deduction.The implication with depreciation is the item being depreciated "wears out" over that period.  

Me and my wife became landlords couple years ago after we rented out our Downtown Seattle condo to buy a house in Bothell, but that's the extend of my experience in real estate.  

Now, if you mean T&I, taxes and insurance, they are amortized over the lease period on a per-diem basis, just as your interest expense is, vacant periods are on you. :) 

Under ideal circumstances they will undoubtedly be a big improvement over last-minute changes to a HUD-1 and to mortgage documents at the closing table.But there’s a catch – when certain changes to closing documents become necessary after August 1, 2015 another 3-day waiting period kicks-in.Closings that drag on for several hours are one thing, but closings delayed by 3 days, and possibly another 3 days, and yet another 3 days… that’s another thing entirely.Delayed closings invariably lead to more calculation and documentation changes, which lead to more delayed closings, etc.To understand how the new law changes the buying and selling of real estate all over America, take a look at the new disclosure forms.

It would also have about $35,000 equity that I could liquidate to apply towards another property, debt paydown etc.I want to extend my ownership to at least 1 year and 1 day to qualify for long term capital gains vs ordinary income.  

The amount of the periodic payments3.

Necessary ideas of fairness and redemption directly come from those periods and legal battles of the time which are found in our laws today.