Any "big" fixup or modification (read my post) will be capitalized, not expensed.

The "bad loans" don't scare me much those as most loans have buyers with skin in the game in regard to down payments, proving they can repay, etc.There is some talk going around about helocs adjusting, and loan modifications adjusting, that may add some desperate sellers to the market but we will see.

Are there any modifications to the written lease?

Here's a post from credit specialists, Experian:Loan Modification and Credit ScoresFebruary 15, 2012by The Experian TeamDear Experian,How will a loan modification affect my credit scores?

If you are painting, simply to change the look, color, theme, etc, it falls into the category, but if it is necessitated, because of structural damage (for example, from water damage, etc), it's a far different scenario!

Walgreens/CVS are some of the priciest NNN leased deals with cap rates from 4.50 - 5.75% depending on the location , necessitating either a large 1031-exchange or big capital outlay to acquire these assets.

Then that was cut back to 3-4 million will receive OFFERS for a trial modification. ( march 25, 2010 office of special inspector general for the troubled asset relief program SIGTARP)     14 BILLION added to the 75 BILLION to total 89 billion      89 billion set aside to PROCESS apllications for 3-4 million mortgage modifications.

I would assume that the rent would be aligned with the same rules of loan modification which allows home owners a ,maximum monthly payment of the 1/3 of their income.I would also think that this solution is temporary.

You purchase under a seller financed transaction, you may set up assignments/modifications to sell to the tenant.

The above first post I mention in it...this is an e-mail from my agent not sure if its all info forwarded to me from potential tenant or also could be that agent made some modifications to the email before sending it to me mentions the following: " Tenant also mentions this request is because she really have the issue with current landlord, and hope we guys can understand and do her a flavor just this time, she loved your apartment very much and don't want to give us any trouble.