I know you code C++ well enough to create bitcoin. 

If you were investing  approx 50k in an MTR in the DFW area where would you invest (zip code, cities) and what would you buy (condo/townhouse/SFH)?

Another CPA can correct me if wrong but I don't think there's going to be any recapture here.27.5 to me implies 1250 property and if acquired after 75' means no additional depreciation to recapture.I think there would be unrecaptured 1250 in the amount of the depreciation taken previously, max 25% at ordinary rates.The total gain less unrecaptured 1250 I believe would be 1231 capital gains, not considering other factors like look back and netting rules.Also the land would be 1231 and would get capital gains treatment.And personally I would subtract selling costs as a capitalized selling cost.Amount RealizedLess: Adjusted BasisRealized Gain/LossLess: Selling ExpensesRecognized Gain 1001I could be wrong though so correct me if so.Article for those interested:Depreciation recapture in the partnership context (thetaxadviser.com)While Sec. 1250 only requires additional depreciation to be recaptured as ordinary income, Sec. 1(h)(1)(E) subjects unrecaptured Sec. 1250 gain to a maximum tax rate of 25%.

And there are companies out there to help you send one mail out for $0.4-$0.5 and all you have to do is give them the parameters (zip code, city, etc.).

I ended up with a home in the 43613 area code..  C

That's not a lossless proposition! 

Things I thought I had to depreciate was expensed.In your case, your deductions are also limited by your income, which may explain the difference of net deductible loss less than your net loss.

e.g. area code, city, county, etc.

In the partial loss scenario, they will only pay a fraction of the loss, less the deductible.

well - well - well... seems there are a few issues with the non-existent building code, city-never-heard-of-zoning-for-multifamily investment.total electrical upgrade :|my wrestling coach, community dude, wanna-be politician was in austin on state business today and could not give me the numbers on a total upgrade.any of my guru colleagues here on bigger pockets have a number they want to throw out?