The Walkout Basement is fully finished w lg Exercise Room,Full Bath, utility room, and Extra large storage area.

. • Bonus depreciation is not a “one price fits all” exercise (the price may vary by asset)• Active or passive involvement is not a joke to the IRS (and you need to TRACK this, not just claim it).• Depreciation recapture is real.

I am a newer investor, so please take my advice lightly.As you are trying to contact the owner, consider running the numbers a few different ways, as an educational exercise.1) Blade / RebuildMake a few calls to get an estimate for blading the current house, and then do the same for a new construction that would fit well with the neighborhood comps.2) Rehab CostIf you have a friend that is a contractor, buy her / him a nice lunch and go tour the property together.

It's kind of like when people say go ahead and switch your mortgage loan from your name to an LLC, because the bank "probably won't" exercise the Due on Sale Clause.

Instead, you can go on the internet and learn about effective exercise, buy a few workout tools, and do it right in your own home.

(It's possible the first could become alarmed and exercise the due on sale clause since the title had changed hands).

Leveling a huge late fee on a tenant that can't pay his rent is a complete exercise in frustration.

His posts clearly show that he was distraught and distressed, and people feeling like that don't always exercise best judgment.

They are actually looking for the magic beans and probably own a whole bunch of virtually unused exercise equipment as well.

The Catch-22 is in the small print which leaves the exercise of this assumability at the discretion of the bank.