I know we will all loose with the loss of his technological vision.

The two edged sword here is that if you aggregate your properties, and presumably qualify, you’ll be able to deduct passive losses in excess of $25k with income over 150k.The bad news is that you will not be able to deduct any previously qualified (i.e. suspended) losses until you sell the last aggregated property.

On the books it is an asset, and reflects on the reserve status as such. sold, the loss is recorded as a loss of capital, and they loose that reserve amount.

If we can continue to buy with a good Margin of Safety/Exit Strategy with solid Rental Rates, how can we loose?

I loosely considered this option too, when state farm jacked my rates up by 50% when I filed no claims and no other clear cause for it.

My company has in excess of ten tenants and we were instructed to purchase a real estate software.

I'd rather forego some profit by not having the inspection contingency and taking the chance of something drastically wrong, than loosing out on the deal completely.Plus, as already stated, even with a 0 day inspection period in the original PA, it looks good to the AM, but when the offer is accepted, the addendum overrides the PA and you get your inspection period back anyway.

My goal is to use the HELOC for 2 years and then do a cash-out-refinance.If I go this route, then my 2nd property will cash-flow $550/month ($6,600/year) if the prime rate stays the same.So, here is my question: What should I do with this excess cash-flow?

Other than the tenant loosing the hardware to secure their own flat panel, do you see any issues with a permanent flat panel mount in a rental of this type?

They certainly didn't loose money booking the loan.