The allowance is an additional deduction of 50 percent of the property’s depreciable basis (after any section 179 deduction and before figuring your regular depreciation deduction).Property that qualifies for this special depreciation allowance includes the following.Tangible property depreciated under the modified accelerated cost recovery system (MACRS) with a recovery period of 20 years or lessWater utility propertyOff-the-shelf computer softwareQualified leasehold improvement propertyQualified property must also meet all of the following tests.You must have acquired qualified property after December 31, 2007, and before January 1, 2009.

Most of the conventional lenders that I am talking with require at least 20 percent down and I can only have 10 mortgages against my social security number.

Even so, if you do the math, the effective rate of return is often only a few percent.

You mentioned that the smaller community banks really want to give loans....I easily have 20 percent for most properties I am interested in, great credit and a 20 year work history but no income right now.

I remember when everyone was doing the 80/20 conventional loans to avoid mortgage insurance and FHA tanked in business.Then 80/20 went into the toilet and conventional were wanting more down so FHA had 3 percent and a very low insurance.

The 23 percent increase in housing prices last year is sizable," Merrill said of the increase in the median sale price in Tucson from December 2011 to December 2012.

Isnt there guys who make a killing on these things for a lifetime?

Other than that do 95% percent of everything myself (wife now helps).

I inquired about this a couple months ago and the mortgage broker from PNC Bank told me you can do an FHA Cash out Refi with a 80 percent LTV on the ARV after 6 Month as long as your credit is above 700

To get rich, market to the people with the highest lifetime value for your business.