Hawk congratulations on you purchases! I would pretty much agree with all of the points that sdr put on his threads. Yours is pretty much an example of getting what works for you at the time it works for you. There is not an argument that more depreciation could continue in the areas that you made your purchases. The simple fact is that these properties made sense for your situation at the present. True you may have been able to buy them at a lower price in the future but your own calculations seemed to indicate that for you, the time was right.