And yes, there is legal ways to achieve accelerated depreciation with rental real estate.

Once that’s clear, it’ll be much easier to evaluate the tax implications and potential benefits. 

Raymond's investment activity “seems to be a Ponzi-type situation” based on his own statements and the growing number of affected investors, I received the following legal threat.Below is my formal response.Transparency matters — especially when investors are allegedly owed tens of thousands of dollars and being silenced with NDAs.

Equally as important, they have local knowledge and experience which is incredibly important if you take on construction/development deals because **** happens and they are more inclined to understand what the borrower is dealing with and work with the borrower on a solution.Case in point, I've had national fix and flip lenders fail to comprehend subdivisions and implications on land re-assessments/incorrect tax bills holding up draws.

Real estate comes with legal and financial risks, from lawsuits to creditor claims.

"Developer" STEEVE RAYMOND who solicits investors on this website was exposed on the Chicago ABC News relating to numerous just FRAUD LAWSUITS filed against him by Chicago attorney Ana McNamara, Esq. for taking investor money for supposed building "Rehabs" BELOW IS THE LINK TO THE STORY:McNamara Legal McNamara Legal | Chicago IL

They work for you, never forget that.Fourth, try to go along to present the offer, so you can answer questions.Fifth, really understand your offer yourself and it's implications, before you make the offer.Six did I say it make it stupid simple to both the agent and the seller?

Here is what looks like a fairly detailed article for California:https://rentprep.com/blog/legal/california-abandoned-propert...Best of Luck!

In this case your selling an equitable title but not a legal title since no warrant deed with the named “buyer” is recorded.  

Quote from @Miguel Gonzalez: I'm thinking about purchasing my first legal 2-flat in Chicago from someone I used to work with.