If the credit facility default is a function of the borrower default, you must first take possession of the collateral for the credit facility and then you must also deal with the defaulted note itself by way of some form of mortgage disposition either foreclose, re-trade the note, etc. to get the credit facility capital back.

The primary disposition in all of that group is still foreclosure. 2.

Depreciation is discussed in IRS Publication 946 (How to Depreciate Property), IRS Publication 527 (Residential Rental Property) and IRS Publication 544 (Sales and Other Dispositions of Assets - covers depreciation recapture).

I have studied, looked at, and considered doing normal 1031 exchanges and even reverse exchanges in the disposition of my own properties.

They are really New western dispositions. they are sellers of other peoples deals to you.

We will have held the home only 5 months by the date of disposition.  

From the bank's perspective, it really depends on the disposition value of the property.

It doesn't matter if it was a "flip" or a "rental" - the IRS doesn't care as far as the disposition of the asset is concerned.

She has a cheerful disposition but can get stern when tenants aren't behaving. 

We did not receive our deposit disposition/ ledger statement and refund until 6 wks after the move out date (Utah law states that we should have had it within 30 days.)2.