@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. 

Also, a lender should never influence the business of a borrower, limiting their ability to borrow or make any business requirement.......because if they fail it will be on you.A private lender is one who makes a loan to someone they know, where there is` a prior business or personal relationship.

Mortgage rates are not fixed to the Fed Funds Rate but are influenced by it so we will start to see mortgage rates rise next year.