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Thanks for the info! much appreciated!

Thanks Cherry! Well that's one question answered, which also answers a few others i had floating in my head! Let me see if I have this right…. See I was worried that if we renovated, the expense for the renovations is not deductible and would be out of pocket. But if I understand correctly...

Right. I'm home all day today and have been sitting at my laptop since 7am reading and searching the net. i have 2 questions that i cant seem to get a straight answer for 1. if we buy a land and house package, do we only pay stamp duty on the land?? 2. re: depreciation, I know this is...