But keep in mind that there might be some delays in getting payments started, particularly in the first month or two as inspections are completed and paperwork is processed.

As for the addendums go I feel these two addendums just complicate things and thought of removing them entirely. 

Hey Jason, You have two different situations here. 

HI There;There are two properties built in 1894 located in South Orange, New Jersey. 

You filed two full year tax cycles and the numbers are similar (no greater variant than 1%) they maybe yes.Generally depreciation is added back as income BUT only the 40% portion you own not all of it.

But there are other tests and if planned correctly, you don't need these two tests or even track hours the first year if your participation is substantially all hours.

The time for a discount would be after it's been on the market a week or two (with no offers received) or better yet just before 30 days before a price reduction takes place. 

I have two properties where I ran into this issue.

I bought about 65 homes over that two year period.. did very well.. 

You two are going to do great things.