I'm getting ready to start investing in the Port Huron market in SE Michigan and had a question about depreciation; I spoke with a CPA who told me that unless I'm a Real Estate Professional, I can only use depreciatio...

Quote from @Kaleb Foster: Yessir!

Originally posted by @Dave Foster:@Glenna Wood, They're actually in conjunction with a 1031. 

Reach out to @Dave Foster.

You’ll need a boatload of spare cash laying around and then a conversation with @Dave Foster.

We have about 22 full-time W2 employees in the office, approximately 40 traveling construction folks -- and managers and maintenance W2 employees at each community we own and operate.

As a Property Manager you can spend client's money as you choose and also you MAY have employees on call to promptly do small jobs. 

Quote from @Dave Foster: I'm only vested in getting free coffee from you @Michael Plaks.Coffee is not a like-kind property, not included  ;) 

@Dave Foster Thanks for the feedback!

You don’t want to end up trying to “un-allow” something later.If you do allow it, I’d only do it with some guardrails:No customer pickups at the property — delivery only.No signs, no employees, no extra equipment.She must carry her own general liability policy (very cheap for cottage food businesses).She provides proof of compliance with Alaska cottage-food laws.A written addendum stating you are not liable for any business activity and can revoke permission at any time.Honestly?