Did he expense out the remaining depreciation on that retired asset?

I've got friends that retire and worry all the time about the market.  

It’s my 40s I plan to retire by :) I always encourage active duty to start investing.

I have actually been able to handle the property management of these larger MFs internally, saving me more costs. 

I've always said I would dabble in real estate as a retirement career but at 50 with probably 10+ years left in my marketing career I find myself jumping ahead a little. 

I have worked with mutual savings and citizens national bank.

I would be putting my own money into a savings account per month for the property in case of repair or damages or vacancies. 

Consequently one exchange option we are considering is buying a rental property in Florida we could use 2 weeks a year and possibly hold until retirement for full time use. 

I know its not legal.. but I self insure myself in that regard. some say its recession proof and some say not.. my banker says not.. he says when economy gets tough they just won't spend 200 bucks a month to store their stuff they either up and leave it or move it somewhere else.. so that's two opinions.my units were quite unique one they were A class and two right across the street from 300 floating homes and all my tenants save a very few had house boats.. so I kind of had a captive audicance and once I got it converted to mainly all houses boats..

I think I prefer the latter, as I'm focused on preparing retirement income, but this digresses towards an entire different topic :)Regardless, this does answer my question.