I have done a lot of research on it, but IRS can be somewhat difficult to interpret.50% instant depreciation could make a huge difference to investors.Thanks!

The wording in the lease can be interpreted either way.

If you recall the recent controversy over the Treasury Department trying to force pricing differences for Fannie/Freddie loans based on DTI, they reason lenders were firing back at that was that different underwriters...even within the same lender...can interpret the DTI (or DSCR) calculation differently.

I’m probably MIS interpreting this. 2021 property tax is the sellers responsibility.  

This is only my interpretation...........Bob, In your email, you ask whether there may be multiple lenders on a deed of trust, by which we assume you are asking whether this is consistent with securities laws.

I will differ to their interpretation as they, ya know, make the rules. 

So I interpret that as :my travel to the property from my home does not count anymore.

I guess we'll have to keep a close eye on how the courts interpret things moving forward?

That said, I am not an attorney, and therefore may not be qualified to be interpreting this document.

Do you know anything about this $150k threshold and if I am interpreting this correctly?