When it comes to real estate, here's a general list of eligible assets and their depreciable lifespans that you should know: Residential Rental Property = 27.5 yearsThis includes any building or structure where 80% or more of its gross rental income is from residential units.That means:- Apartment buildings- Single-family rental homes- Duplexes, triplexes, and quadplexes- Mobile homes (used for residential rental)- Any kind of residential lodging facility where the primary purpose is long-term rentalCommercial Property = 39 yearsThis includes non-residential properties like:-Office buildings-Retail stores and shopping centers-Warehouses-Industrial complexes-Hotels and motels that do not qualify as residential rental propertyLand Improvements = 15 yearsThese include sidewalks, roads, fencing, some landscaping, and parking lots that are separate from the building.Personal Property = 5 or 7 yearsPersonal property used in a rental activity usually has a 5 or 7-year life.This includes most furniture, appliances, carpeting and various machinery.Qualified Improvement Property (QIP) = 15 yearsGenerally, this includes any improvements made to the interior of a non-residential building after the building was placed in service, excluding elevators, enlargements, and the internal structural framework.Computers and Related Peripheral Equipment = 5 yearsVehicles = 5 yearsNote that the land itself is not depreciable.

How do you think these peripheral markets will evolve in the next few years, especially as both groups continue to look for opportunities?

Once you do that, the obstacles are only in your peripheral vision my friend. 

. $500+mnth for the digital appendage from hand and on tv shows, gotta have it!......     

Think of tax law as being it's own appendage on federal law.

I prefer to go outside of primary markets (Raleigh/Durham) where there is no cashflow to more peripheral markets like Rocky Mount, Louisburg, Wilson, Roxboro ... and so on. 

Mostly in the central area and suginami type peripheral neighborhoods. 

some of the peripheral questions @Jack B. is asking:-optimizing your portfolio - potentially selling off either low performing or high appreciating assets, and-diversification into other asset classes?

All those jobs bring peripheral business to support everything that goes with population growth. 

All three are interesting markets with promising growth in the years to come and they're urban metro areas which I tend to like.Each of these cities have sub-clusters in their peripheral that often times make for good low-cost but high-yield investment zones.