He just pays the actual tax on that gain as he receives the payments....same as you, only yours is short term.As far as I know, the $250k sale contains 40% profit ($100k), and $150k return of investment (60%) so my understanding is......for that $150k rec’d, 60% would return of investment (no tax) and 40%, or $40k would be taxable....same treatment on the $100k rec’d later, excluding any interest rec’d......same as when selling a property.

If you leave the rental unit unoccupied at any time while rent is due and unpaid, we may, at our option, take immediate possession of and exclude you from the rental unit, removing and storing at your expense all property found contained therein. ______ 8.

This allows lenders to exclude those non-operating costs, should they choose to do so. 

Dwelling (Building coverage)The limit should be based on the Replacement Cost of the building (cost to rebuild withthe same kind and quality excluding the foundation)2.

If you won only a partial judgement AND it can be shown that the reason you only got that partial judgement was because these other people were excluded from culpability then maybe, and this is a big maybe, you have a claim against the PM for something. 

This isn't that effective...it's only real value is being able to quickly exclude property that won't work and find better ones.But there's so many property specific exceptions...you need to understand your budget and goals first.

Okay well for starters- It's tax fraud to purposely exclude deductions. 

The terms are 30 yr fixed 5.375%.Here is the snapshot of the closing costs excluding prepaids/escrow.I confirmed with the lender that the appraisal fee is $700 (400 appraisal + 300 rent schedule).

And I am considering almost 65% for expenses excluding P&I. 

I’ll have to talk to my agent and see if it is possible to find a cash flow positive deal excluding tax and depreciation.