Contact your CPA about this amazing opportunity! If you don't have a CPA than let me recommend one who specializes in Go Zone, and Hurricane Katrina related tax advice. For example if you experienced losses from the storm and need help with the IRS I know someone who can help! The link below will provide you with some information in regards to the Go Zone. 50% first year depreciation on rental property that is placed onto the market in eligible zones. Talk about an amazing investment vehicle!!! Want to buy an investment property call me about HUD real estate owned. I can get you a great loan on a HUD foreclosure and get you a HUD list for your area. Jackson County, Harrison County, and Hancock County.
http://www.hud.gov/offices/cpd/economicdevelopment/library/taxincentivesgulf.pdf
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