Numbers to illustrate the question: PITI is $3000/month and rent is $4000, so cash flow is $1000.  

Below $500k, it has no effect.I found another example from a different website: http://www.floresattorneys.com...RIA illustration 2: Jack Able, a single taxpayer, bought a home on Jan. 1, 2009, for $400,000, and uses it as rental property for two years claiming $20,000 of depreciation deductions (thereby reducing his basis in the home to $380,000).

If it is $100,000 say, then maybe an assignment fee of $50,000 is reasonable.The numbers I use are simply to illustrate the thought process needed.Hope this helps a little and good luck.

So being that you have (3) years and can show a current profit and loss and bank statements to illustrate your receivables/cash flow. 

In other words, if a given city traded at 10 cap in the last downturn, but today trades at 5.5, doest reversing the cap rate from 5.5 to 6.5 (100 bps) intellectually honestly illustrate the worst case?

The driveway slopes towards the house as illustrated in the pictures, which direct water towards the foundation resulting in a wet basement.

The driveway slopes towards the house as illustrated in the pictures, which direct water towards the foundation resulting in a wet basement.

The example I gave illustrated one. 

Chad, this response illustrates perfectly why you are not competent to make the determinations you are making and were significantly underpaying this guy, which were two of MY points.

the Google earth capture below illustrates this perfectly.