Depending on how long the renovations will take and what is being done, your agent may be able to get a company to write it.  

And in many cases you're able to write off almost off of the income from the DST against depreciation because of the nature of the non-recourse loans and your ability to buy additional depreciable basis.

Talk to her directly and put it in writing.

I appreciate that people out in the rest of the country may value the clean functionality of this kitchen but from my experience in the NYC/NJ market this kitchen is a few decades over the edge.  

Didn't you write some articles about it?

Of course all of this is in writing in the lease which they signed.

Do we write a check and have the Title company hold it until work is complete?

I have been told for years to write a book.

And since I get great tax write offs on properties, why would I buy treasuries?

The money spent on the flip will be a write off from your profit and shouldn't be taxed regardless.