Similar to the allowances in a pro forma, they are simply set asides and only become expenses when the property taxes/insurance are actually paid from them. 2) Capital Expenditures - They certainly feel like expenses, but certain improvements cannot be expensed outright but instead have to be capitalized and expensed/depreciated over time.  3) Depreciation - Finally some good news! 

Dual City Investments has done multiple Section 721 exchanges and accepts 721 properties as capital contributions into their fund (Dual City Advantage Fund).

This financing strategy also provided the capital to make necessary upgrades to the existing tenant spaces, ensuring the property’s long-term profitability and alignment with my broader investment goals.

This financing strategy also provided the capital to make necessary upgrades to the existing tenant spaces, ensuring the property’s long-term profitability and alignment with my broader investment goals.

This financing strategy also provided the capital to make necessary upgrades to the existing tenant spaces, ensuring the property’s long-term profitability and alignment with my broader investment goals.

This financing strategy also provided the capital to make necessary upgrades to the existing tenant spaces, ensuring the property’s long-term profitability and alignment with my broader investment goals.

Has anyone heard of Mag Capital Partners based out of Texas?

Did they attempt a capital call to save the deal?

The 4 I've talked to are: Blue Gate Capital, Easy Street, Bombora, and Mortgage Calculator Company. 

The area has lots of growth and is expected to appreciate substantially over the next ~ 5 years, at which point I plan to sell to capitalize on that appreciation.