Anything $2500 or below can be deductible via de minimis safe harbor.Higher expenses need to be capitalized.You can also do a Cost Segragation Study to capitalize some items quicker based on life expectancy. 

@James De StefanoYes, add that to proximity to the mountains, 300 days off sun, great beer, restaurants, bars, arts, parks ...

You got some great advice from @Paul De Luca about adding an early termination clause.Plus I REALLY LOVE @Randall Alan approach of working with the tenant, not against them...at the end of the day, this good karma will come back around.  

Values at least in our market were quite sticky and on top of that our competition when rates sky rocketed de engineered their houses to get their prices down. 

@Paul De Luca thanks for tagging me in@Veronica Mitchell did you get this sorted yet?

I'm looking at doing the same in Delaware.

Quote from @Paul De Luca: Quote from @Jonathan Greene: These are here to help you make better connections in the forums.

A large background in a subdivision located in a cul-de-sac.

& @Eric Gomez I can shine some light on the Catskills region, more specifically west of Woodstock in areas such Roxbury, Margaretville, Stamford, Jefferson etc (ie Delaware and Schoharie county. 

That beats any of my alternatives and will improve if I’m able to refinance to a lower rate in the future.So as long as my D/E and D/I ratios are healthy I think I should continue to expand my portfolio.