The big influence there is the rate of interest being paid and how much cash flow nets down to the owner instead of going to the lender.  

So my inference above being federal mandate is not correct our situations would have been influenced by local rulings.  

@Abbas LokhTime for you to use your influence with the board to find a new lawyer for the HOA.  

I don't stop for a second to think about IRS rationale for various rules - I have no power to influence them, so I just want to get maximum benefit from their rules and regs.You depreciate the cost basis, which includes your purchase price plus capital expenditures - and diff. parts/systems can have different depreciation schedules if you choose to adopt accelerated depreciation.  

@Sajju Shah - The CAP rate ratio makes no assumption about how the purchaser paid for the property - out of pocket, convention financing, syndication, etc -- the only influence on the CAP ratio would be if the interest portion of debt service were included in the operating expenses when NOI was calculated.

During my classes, I kept hearing the phrase Sphere of Influence over and over.

After starting in real estate with a team focusing on sphere of influence calls and open houses, I can say that I have gone through the Uninformed Optimism phase of entrepreneurship, through the Informed Pessimistic phase, ignored the "I'm gonna quit" door, finally arriving at the "I need to change my strategy phase".

But you are going to start with your sphere of influence - everyone you know and everyone they know. 

You can't insist on a material but I believe you can influence the design.However,  I don't see where the modifications he is asking for would hurt your property. 

Personal forces are both positive and negative influences such as marrige, children or sudden illness.