My question is around how to account for this credit on the initial journal entry to set up the company and account for the property tax credit.

I live in a town where the 1% deals are not easy to create, and even more difficult and rare to just stumble upon, but they absolutely are out there.Some 1% deals are residences, some are parking lots, and some are a flat concrete pad with cell-towers disguised as flag poles.If you were to compare every 1% deal across a tough town you'd probably find lots of creative angles unique to each deal.   

Quoted out of Austin Business Journal.  

Just get a PO box and a cell phone and you are set up to manage real estate.

You can not make a living wage have $100+ cell phone, $100+ cable, $700 to $1000 car payments, Housing, Vacations and still save money for investment, they will not take short term Pain for long term gain.

Please reply via this post or text/email me to 206-719-8909 my cell or [email protected] my email.

It's written in my journal. 

Regional bankers have more than 2 brain cells.

You can also check with cell phone carriers to see if they think your buildings might be a good area to put up a cell tower and rent the space from you (though I believe that space is mostly for high rises?)

I've been keeping a journal of my experiences and feelings.As for my skills, I have reached out to three people, and have gotten notes from about two more.