. - ACH payments are received by investors on the 1st of every month, so participation in our fund is a purely passive investment vehicle that's open to accredited investors only (and like Patrick said above, accredited or not, anyone can purchase a note).As an added bonus, investors in our fund can redeem shares to purchase notes upon availability. 

In fact, it often appreciates.To go a little deeper:Depreciation was designed for assets that wear out or become obsolete over time, like machinery or vehicles.

I decided not to go ahead with the deal but alot of useful information has been offered by many of you.

There's some who are more so there to help advise as I make my own path presumably with the ability to identify issues ahead of time.

Thank you so much and Happy Holidays ahead as well.

Seriously its worse than animals living in these places.But go ahead and bid it as if it is nice and clean.

Look at it as an opportunity to get ahead.

So I always try to plan ahead, triple check my due diligence, and be VERY conservative with my underwriting.

They're good to have open access to capital/cash/equity to a property ahead of time so you can execute a deal or purchase when the time comes on a split second decision (versus having to apply to a loan at that time which might take 20-45 days to get approved/closed/etc plus by that time you dont know what your future income/credit/assets will be like in order to qualify anyway).The second use is sleep at night factor and having a reserve of capital in the event an emergency event occurs in life.For these two reasons is why I use lines of credit.

It takes little time to do it, so I always just filled out the form()s) ahead of time for them, and then just brought it to them to sign.