The assessed value includes the building, land and building components.

If it is passing through you may need Workers Comp. on your business. 

I have intentionally built a healthy owner-tenant relationship over time, and I find that based on the mutual trust component, she cares for the property better than any other tenant I have had. 

Adam,I hear that statment a lot but the key component of this REI game is once you have your mortgage paid down. 

.- Uses no or very, very little fund leverage (LOC for less than 20% of fund equity) This is very important component to realize and understand - where are you in the debt stack- Lends in one specific location/region that fund managers have deep operational experience in and which has speedy foreclosure laws.

Make a list of all assets and their components (how many roofs, refrigerators, heating systems, etc?)

Plus, it's one of the key components to a successful STR! 

It's a budget friendly option to some of the other services, and they have engineers on staff + audit defense, but the more expensive cost seg companies ($1500-2500) will actually do walkthroughs of your property via Facetime to more granularly estimate components of your structure. 

It forces users to manually split mortgage payments into various components every month, has a painful process to start new mortgages and close out existing ones, and generally has a miserable process for handling everything around loans and amortization. 

As I explained above there are two contribution components, the profit sharing component is based on the percentage, but not the elective deferral.