You'll also have ongoing continuing ed, license fees and board fees. 

That present cash flow is weak, but that's because the project is on-going and we are in the process of renovating, transitioning the wrong tenants out, and bringing the right tenants into our units.

The world thinks a lot less of my probity than it does of yours.But your response does remind me greatly of the time I submitted a paper in a nursing class that pointed out the obvious fact that that Big Pharma has minimal direct financial incentives to direct their research budgets towards finding one-time cures and maximum direct financial incentives for putting money into finding ongoing treatments for chronic diseases.I got a D with a big circle around it and a denouncement by the nursing professor with the side job in Big Pharma for being so bold as to point out how math works.

Opinions on going with a local firm or larger, national firms? 

You had it in Diaries, which is for ongoing projects, and we try to keep it strictly for those so that they're easy for everyone to follow along. 

Broker 2 wants to sell his house and approve the loan asap, that's why I'm assuming he does not want to go through the of disclosing the other ongoing mortgage.

I may be better off flipping it.If I keep it.I will realize 44k in equity10k in tax deduction from repairs, de minimis and bonus depreciationtax deduction closing costs for the loan Ongoing depreciation = 5,500 a year (150k basis / 27.5 years)The cost to me: around zeroClearly, this is not going to be as profitable as the first, but It will provide a tax deduction of 20k. 

So it is pretty easy to know when something is going wrong.I plan on going up to the cabin 2-3 times a year to evaluate, have a look around, and see what needs to be fixed.

We already have other properties that look interesting that we were planning on going for anyways. 

I will typically vote for a post I feel substantially answers the original poster's questions or adds to the ongoing thread.