Does it void the lease or does it modify the lease?

Depending on if you qualify as an “Active Real Estate Professional” or a material participant (both are defined by bunch of irs rules so don’t read too much into the labels), you can bring all or up to $25k (starts lashing out at $100k modified AGI) of losses onto your 1040.

I find it useful because the format is simple to review, easy to modify and the calculator considers 1) property annual appreciation 2)rental inflation 3)bank deposit int rate 4)general inflation 5) individual marginal income tax rate etc.

Then track that response verse other pieces in 6 months, you will have a great piece that you can further modify to keep increasing responses.

I'm still interested in the project because I think there is some real potential, but I'd have to modify my numbers a lot and I'm not sure the seller will go as low as I'd like him to.

I have reached out here in the past but had no luck because none of the insurance agents could help my specific case.Here are my specifics:1) I am looking to have somewhere between a 2 -5 Million umbrella policy, which will be on top of all my primary policies that all have $1,000,000 of general liability on them each. 2) I have a total of 39 doors and 32 properties.3) 31 of the 32 properties are owned in my name and have a residential policy from Erie Insurance on them (I will not be switching out/modifying my residential policies to a business or commercial policy, so that is a non-starter). 

Don't let the other side draft the PSA for you, because then you'll end up fighting over rights that are typically afforded buyers, like the inspection contingency, and the negotiation will drag on.When a client brings in a contract drafted by the other side, it often takes me more time and costs the client more to modify a crap bootleg contract (that often looks like it was thrown together in 5 minutes by the seller's 14-year-old son) than it would be simply to draft a clear and concise agreement from scratch.

If they need / want a loan modification its all done through their providers/loan modifiers.

Be willing to modify/adjust your plans, when things go differently than you expected. 

Well Don, then I'll whisper this, modifying a NPN is the same as making a new loan, if the note is residential, owner occupied, then someone qualified to make that type of loan needs to do the modification.