This is the part of the tax law that controls whether the money we spent on fixing something on our property is treated as an expense or as a capital improvement.The Regulations I mentioned are extremely complex and confusing. 

What would trigger this though?

Having you tenant living in extreme heat or cold is a big No No!

The reasons you listed above are the reasons I did not pull the trigger on starting an assisted living facility.

This is extremely helpful. 

Depending on the program, pre payment penalty may get triggered if you make additional principal payments within the PPP time period.

The lesson learned is vetting the potential buyers before pulling the trigger on the one that might look the best on the surface.

However, since you have loans on two properties, you'll want to check with your lender about any due-on-sale clause that could be triggered by transferring the properties into an LLC.

For each transaction that is successful, there are one or two that die on the operating table.Side note, I think talking about the "average broker" is a bit misleading because I tend to see extremes more frequently than the average.

If you are buying from a major oil company, their contracts are extremely complex.