The second and more nuanced dynamic is that the 04 season followed by an equally nasty 05 spelled the peak and end of the real estate boom in Florida.  

@heather R excuse the miss spelling I seem to be on a roll with the Autocorrect today

If the option period had a big rent jump spelled out maybe you reduce that amount of increase to entice the tenant to extend the lease today.

@Trevor Lohman, sorry for spelling error.

Call lenders local to the property until you encounter one that can spell "continuity of obligation" without the use of a spell checker.Talk to an estate planner, too.

My point in spelling out the above is that if I were in your shoes, my honest opinion is that I'd do my homework and be as wide-eyed and intentional as one can be in terms of where and what I purchased.Both of the Christian's in this thread made a good point that jives with what I'm getting at.

I have not been able to find this clearly spelled out in the tax code, however.

They should be clearly spelled out, and should more than just cosmetics.

Life events happen, we get it and I would envision if something isn't spelled out in the PPM exactly how this mechanism works that a "best efforts" approach would be applied for a win/win scenario for the current investors and existing investor.

Yet I loved the numbers so might buy more.Always networking to learn more and keep my ears to the ground understanding what is going on.If I can help ask awayAlexPlease bare with spelling and Grammar it is 221 am est.