Consider an installment sale if financing is an issue.This post does not create a CPA-Client relationship.

Have you considered investing in notes? 

If this is your first property, you could consider starting with a smaller apartment building and going after the opportunity first, and the property as a secondary consideration.

They just generate chlorine at a constant rate depending on the system setting.  

If you have a road maintained by the HOA then set aside for that in reserves. 

Perhaps when you get finished it is something I can help you set up! 

I've been setting up deals but i think they look solid.

There was no mention or remorse for past declarations, which were pretty set in stone per the loan offer and his communication.

If communication is an issue, consider getting everything in writing or checking reviews for more feedback.

The "land basis" cannot be depreciated, so your depreciable portion will be lower than $350k.We typically consider $1 million in building basis as a rule of thumb where it makes sense to evaluate the potential benefits.