We have an extremely diverse array of positive economic drivers that yield stability AND growth, and virtually no permits to build units that rent from $650-$1000/mo.... keep in mind, we're still able to find 7 and 8 caps, with value add potential due to below market rents. 

They show up and take it away, should be the most economical way to get rid of it. 

Further, because permitting for construction of multifam buildings are non-existent in the $750-$1000 per month range, this is a solid category to buy in, here in FL, because overbuilding won't dilute values or rents.... so the economics of each area are huge in determining which markets to invest in.

Definitely seek the services of a reputable attorney who can memorialize the economic agreement between you and your partner. 

I'm not sure of the details but the economic development program subsidizes a sizable chunk of the price -- this particular property on Queen St was selling for 260K instead of 340K, for example.

They will want to see an economic occupancy of 90%+ for the past 3 months consecutively.

I guess maybe the tax cuts and their affects on the debt COULD fulfill the later requirement, but I'm more inclined to believe that would lead to an economic slow down and not stagflation.

There is an important economical phrase called "time value of cash" which essentially states that $1 is worth more now than $1 will be worth in 10 years. 

ThanksYou effectively have an economic loss, but not a tax loss.

You also don't want to put your self in a bad economic position with your first property.