When you recognize depreciation recapture on these types of assets, that depreciation is taxed as "Ordinary" income, therefore is not eligible to be included in an installment sale.   

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

Also, speak with your cpa as it sounds like they are converting equity to debt which could have some gnarly tax consequences that are way above my pay gradeAlso recognize interest on debt is ordinary income.

However, I recognize that there is risk beyond the conservative numbers I use in my underwriting.

I don't know if today's climate of the city recognizing a need for more housing might make some sort of small difference (something you'd have to discuss with them) but, other than that, this is an accident waiting to happen.

I’d say ‘improving from a low level.’Recognizing the seasonality of inventory levels, let’s just look at June.

Bonus if you buy solo, it will now be recognized and we can use our seller concessions to buy down our rate or whatnot. 

Or does it not matter so long as they are recognized by the TX bar?

They don't recognize MTR at all, only STR and LTR.

Recognize the state of the market that might influence your decision to refinance and relocate.