Each upgrade is depreciated separately, and each has a monetary value and depreciation schedule.So to keep it simple, use your books 😉 Accounts/Sub accounts: Address (or property identifier) >> Name of update >> Depreciation account for that upgrade.

I do feel confident in the value he has delivered to-date and have line of sight on it creating monetary value.

All,I am new to bigger pockets as well as to real estate investing. I live in a very expensive market (Seattle, WA) and I am looking to invest out of State. Are there any meet up groups in Seattle for "remote" investo...

Does the contract include a monetary damages provision?

I will manage the property through my assistant.

Twenty of the the homes were BRRRR and two were full conversions from single-family to assisted living. 

And it’s about to be very personal to you as the one who is going to be responsible for it, and maybe have a significant debt to pay back on it.The vast majority of business owners selling their business genuinely want to see it continue to succeed, even if it has no monetary impact on them.

I would just asks the question without a monetary tag; gauge interest first.

Quote from @Jordan Hamilton:  Looking for assistance how to actual structure my taxes.

I will offer any kind of assistance that I can.