Outside basis should be determined and tracked by you and your CPA.You essentially "step into their shoes" and assume the same inside basis and corresponding depreciation but could elect to step up your basis under Section 754.

Their methods are extremely cautious and this is why they are able to loan millions per month and rarely have deals that go into default.If I was in your shoes, I would also be extremely cautious, and would not set up a loan unless you partner up with an experienced loan broker that knows how to reduce risk.

Additionally, the interest rate and payments are fixed for the entire term of the loan.Before you look for the link to apply for this great product, please allow me to drop the other shoe.

Looked at the PPE that I need to purchase - suits, shoes, etc. just to make sure I can handle the stuff.

I was in your shoes just a few years ago!

Now that everyone should have a prenup and you'll get divorced scenario is out of the way so she/you should cover yourself is covered I'll answer as if this was me in her shoes. 

@Isaiah Cuellar since you're pretty young, if I were in your shoes, I'd be more inclined to build up a portfolio of multiple properties instead of paying off one property fast.The reason being: one property doesn't produce that much cashflow (even if it's paid off).  

I was in your same shoes about 5-6 years ago. 

I’ll reserve final judgment when all the deals exit, but for now I feel that I’m waiting for shoes to drop.

CRE is about the long haul, I'd say much more than 3 years. 3 years i barely could tie my shoes.