This is the prescription phase, where you show the Seller that your service is the best available treatment, taking all the factors of the Seller's situation into consideration for their pain.

I have an addendum that names the pet and details their responsibilities including instant repairs, licensing, flea treatment, etc.

@Dave Toelkes your correct it may be schedule C depending if he is considered a "dealer" in the business of buying and selling option contracts, but the better tax treatment in most case would be for him to be considered an "investor" not a "dealer" if he plans to hold the contract for more than a year and be taxed as capital gains.  

# of units: 20all 1 bedroomall 360 sq ftasking price: $379k, down from $399kyear built: 1995 (pretty rough shape though)current vacancy rate: 30% (6 of the 20 units are vacant)current rent: $125, collected weeklylocation: decent... this property is probably the worst eye sore inside of a 3 block radiusworking class area... some gang-related concerns... all in all a pretty solid town expenses: all utilities... approximately $1,900 / monthrepairs needed: not sure at this point... 10k-20k would go a long way in improving the look and appeal of the property and would likely reduce vacancy ratecap rate: 9-10%Based on the numbers, this is without a doubt the best property I've looked at, but I have a few questions:What are the best ways to reduce vacancy rates, generally speaking?

The most accurate picture will come from the form 8824 which your cpa files for the non-recognition treatment.  

I take baths occasionally when stiff and sore from a hard day of physical work.

Hopefully, the situation remedies it self now that we've had the pros come through.I hope you had the whole building treated and scheduled for another treatment in a month?!

If I needed medical treatment I would seek out a doctor.

To be able to use those or aerate you would essentially need to install a waste treatment plant (they do come in small sizes).

The issue is being able to separately track and manage the two sets of funds with different tax treatment.