Please be careful. 

Hi @Kevin Duong,I have not used demountable walls before, but I would say to be very careful to make sure that the units are still meeting the legal standards to be considered a bedroom.

I would just point out that when you get involved with syndications as a LP, you are basically handing over your money and crossing your fingers that the guys you are hooking up with are honest, fair, and will take care of you well.  

You’ll want to carefully assess property values, renovation costs, and potential resale value to ensure the margins work in your favor.

I of course want the dream of passive income and simply taking care of my properties etc. 

While the insurance proceeds themselves may not be taxable if reinvested into the property, the treatment of the replaced asset for depreciation purposes, especially in the context of a CSS, merits careful consideration.

You have bills to pay, it's sad that they have issues but it's not your concern and your bank damn sure doesn't care. 

It's likely to keep getting eliminated in areas and while a good business for true business people who care about the people, 99 percent are just out for a small check and fail fast.

I found Texas to have some of the most convoluted homestead laws and so had to tread carefully in making requirements for title insurance. 

Sure it can be a write off, but my question is if it is the highest and best use of your time (or the given employees time) to be running a skid steer - transporting it, storage, maintenance, cleaning, etc, and if it still makes sense if you need to hire someone to run it for you and take care of the other things.Add up all those recurring costs - maintaining the machine, maintaining the trailer, having a large enough truck to tow it, insurance and registration for all of the above, your time or your employees time related to all of the above...even at $14k a year it might be attractive enough to keep paying that and having them drop it off at the job site for you.A brand new machine could easily cost you over 6 figures - that's 7 years of rentals at $14k/year before including all the holding costs.