Have you looked into Go Zone properties in Louisiana? If not, you should, especially if you have gains from the past three years that you could apply against the accelerated depreciation. I have access to properties that are being built (they have to be complete prior to year end in order to qualify) that are cash flow positive immediately and offer and opportunity to write off 1/2 of the purchase price as depreciation this year. That cost can be applied against gains up to 3 years back and can obviously be carried forward to off set future gains. Purchase price of the homes is around 120K and cash flow about 20-25% above your total monthly expenditures. Maximum of 10 homes to a single investor (per lender, 9 homes if the borrower has a loan on their residence). Let me know if you would like to know more. Time to take advantage of the go zone legislation is limited
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