If you have a question about the tax treatment for a specific investment strategy, ask that question instead.

Please don't try writing your own, then need to cover death, divorce, disagreements, tax treatment, governance, lead comp, and many other things an experienced lawyer would know to cover.For financing, my opinion is worthless.    

His attorney will claim all kinds of mis treatment, deed of trust violations, lender liability claims and general breach of good faith.

I also recommend getting an engineering/environmental report if the property is on private water and waste water treatment plants or has any underground tanks. 

The tenant is asking me to pay for the treatment cost.

The law specifically states:"Sleeping units or dwelling units in I and R-1 occupancies and R-2 college dormitories, hotel, and DSHS licensed boarding home and residential treatment facility occupancies which do not themselves contain a fuel-burning appliance or a fuelburning fireplace, or have an attached garage, need not be provided with carbon monoxide alarms, provided that (a) The sleeping unit or dwelling unit is not adjacent to any room which contains a fuel-burning appliance, a fuel-burning fireplace, or an attached garage; and (b) the sleeping unit or dwelling unit is not connected by duct work or ventilation shafts with a supply or return register in the same room to any room containing a fuel-burning appliance, a fuel-burning fireplace, or an attached garage; and (c) The building is provided with a common area carbon monoxide detection system."

Maybe you go the special treatment b/c you have a large amount invested with them, who knows?

@Ryan Moore Also, don't forget that tax treatment of closing costs and business expenses are different. 

Forensic cost segregation studies will be key in identifying and substantiating preferred tax treatments as this is the #1 method preferred and recommended by the IRS.

@DA NguyenGenerally acquisition interest of a passthrough entity in which you do not materially participate is an above the line deduction that is also passive in nature.The debt proceeds need to be traced to figure out exact treatment of interest paid during the year.Consult your tax advisor.