Our process is fairly straight forward: contact is made, we chat, we send them an app and get the information we need for background & criminal checks, we then meet them in person at a public place...unless it's a current renter referral and we might meet them at the house their friend is renting....if the meeting goes well and the person checks out, we then show them some property.

Depreciation is straight line over 27.5 years.

What i know doesn't matter at that stage because their real life experience trumps everything im reading they are essentially way ahead in my view .

I think i made a mistake by not getting under contract straight away.Let me know how you would proceed?

And furthermore, I've heard that the IRS will _assume_ you depreciated things even if you didn't take it on your taxes, so when I didn't depreciate for the past few years, will they be assuming I'm on a straight line depreciation for 1/3 of my home (thus I now pay even more in taxes when I sell)?

This is back in the golden day when the housing market is still trying to recover and there are fewer investors.now, every house that i want to buy there is like 10 people ahead of me and i have to bid up so high....

The proceeds from the rental sale went straight from title to the QI therefore I have already paid the exchange company their fee.

Go work a minimum wage job for the month, earn $1500, and now you're ahead by $700 by hiring professionals.- My last point is that, unless it's a BIG house (more than 2000 square feet), I'd be surprised if you can't find a paint bid for much less.

Well, the answer to that is pretty straight forward.

Anyway, my point was just that you don't have to buy properties from TK, you can absolutely buy straight from the MLS and get good deals, at least in some markets.