Both have 4 tires, doors, windows, seats and all the other components that make them automobiles. 

The automobile industry has seen this transition away for some time now .

Here are some examples of the recovery periods from the IRS 996 Publication:5-year Property: Automobiles, qualified technological equipment, office equipment (copiers, calculators, etc.), appliances, carpet, and furniture used for residential real estate.7-year Property: Office furniture and fixtures (desks, filing cabinets, safes)15-year Property: Certain improvements made directly to land or added to it (such as shrubbery, fences, roads, sidewalks, and bridges)There are multiple approaches to cost segregation studies including the Detailed Cost Approach, Detailed Cost Estimate Approach, Survey Approach, Residual Estimation Approach and Sampling Approach.If you feel like you or your business could benefit from a cost segregation study, first speak with your accountant to see if the tax savings outweigh the potential costs.

In addition, keep track of gas receipts if he uses the actual expenses method.Whichever method Harry uses, automobile expenses such as gas should always be paid from personal money.

Real Estate Investing is older than: Television, Automobiles, The Dollar, Electricity, Flight, The United States of America, Communism, Refrigeration, Socialism, Gun Powder, Christianity, Islam, Sailing, Steel, Democracy, Medicine...... 

Feel free to DM me for any info, I can't advertise services in the forum, but this is about the only property which seems to work, which is currently on the MLS now.I don't think an automobile is much of an asset these days unfortunately.

MLS properties have already been exposed to the whole market.....automobile wholesalers don’t go shopping at retail used car lots for cars to wholesale.Contracts don’t get notarized, and “notarizing” takes place As you sign it, not later.Not having any real estate experience or knowledge at all is not a good recipe for trying to wholesale.....which is usually a useless endeavor anyway.

My problem is that with the first 2 purchases, on top of a few other normal loans (automobiles, etc..)

Our construction company, for example, has to carry GL, automobile, excess, workers comp, and commercial property insurance to meet the insurance requirements on a job. 

Excluding automobiles, gasoline, building materials and food services, retail sales decreased 3.5% last month.