I was the seller doing a 1031x and it lowered the net sale.I didn’t realize the closing statement items were handled a different way and not included on the SchE.

Those landlords that choose to artificially subsidize communities via suppressed lot rents do not generate sufficient reserves to set aside for inevitable capital improvements to the community’s infrastructure and aesthetics.

By making partial dispositions, you can also avoid subsequent recapture on these items when you go to sell.

The itemized damage estimate that my insurance provided me lists an Actual Cash Value that is 15% higher than my Dwelling A Coverage. 

Regarding next steps, I agree that the best way to approach this would be to have one person act as boots on the ground and the other person handle the back office related items.

or, do you cash flow only after you've set aside money for capex and other items? 

Improper reporting of big items such as mortgage interest. 

-Why not include a contingency line item in your construction loan rather than raise the contingency funds from your equity partners?

I would stop work until an itemized scope of work and cost to completion is established.

I use this type of system in a ten unit that I own because the cost to submeter each one was cost prohibitive I usually don’t include other items like wifi/internet unless it’s a furnished/short term rental.