will investor be giving you this money as debt? or

., debt or imported goods denominated in a foreign currency such as US Dollar) to grow when expressed in the local currency. 

You cannot just be a partner and just take all the depreciation without any basis (Debt or equity). 140k would offset the marginal level income and at the highest tax bracket (Fed and state), it can be up to 50% tax saving depending on the state. 

WilliamThe same thing that happens in any financing where the debtor passes away.the asset along with the associated mortgage debt becomes part of his estate.As such, depending on state law, as well as who his heirs are, and how the asset is titled, the note may, along with the asset1.

The big pro is this is not a loan and there is no incurred debt or monthly payments.

Foreclosures will certainly be increasing in certain areas... such as those jurisdictions where moratoriums were put in place and they have since expired or will soon expire.In my experience, when a debtor files BK they do so to delay the sale rather than resolve the situation. 

Can you refi and pay off the high interest debt? Or

I'm trying to figure out my DTI but haven't been able to verify if the following items are counted as debt or not.  

That way you do a (test drive) to see what the real story is with the property and if you think turning it around and the costs will be what you thought without taking on tons of debt or putting much option money down. 

Your goal is to make money not stay in HUGE debt or have legal issues!!!