The property was unoccupied so the water heater continued to run for a while possibly using (remaining) gas in the line is my guess.

You have a governmental authority using its power to hinder and regulate private transactions creating some kind of “litmus” test based on god knows whatYou have a seller remaining in a home he sold indefinitely.You have a lender that has twice filed for foreclosure You have a profit sharing arrangement upon resale with the seller/tenantYou’re performing repairs/maintenance on a house while occupied by the seller/tenantAny or all these are lawsuit magnets.If you buy a property, and the seller is a consumer, not an investor, you should NEVER do a profit participation.  

We are gradually dropping prices and in some cases remain as one of the few houses remaining in the market.Margins and occupancy percentages are higher than last year do to stronger area demand.

But you can subdivide the remaining 15 acres into 3 lots and sell each one for $200,000.2. 

Thank you so much for putting that together and for remaining active on this topic!

There is normally a partial release premium that requires you to pay additional proceeds towards the remaining properties in the loan.

Since we do deals all over Florida, we're constantly adjusting based on supply and demand per county, but overall, demand in Florida remains strong.I agree with you.

Know that once a grouping has been established, it must remain for all future tax years.A third way is to have your spouse qualify for REPS status.

Yes, if your partnership remains intact (how you sell is how you have to buy), and you structure it is tenants in common with the new ownership on the replacement properties. 

Me personally - I expect inflation to remain higher than market expectations for the foreseeable future, and I feel that I can always find investments that yield more than 7%, so I probably wouldn't pay the balance down if it were me.