Your starting depreciable basis should have been the LOWER of what you paid or the FMV in 2010 when you converted it to a condo. 

Also, new to the platform BP has here, what exactly are "the boards" 😅Sorry.

Are inspections needed before and after the work?

The good thing about the houseGood monthly cash flowGood interest rateIf its a headache property, I would sellIf it doesn't have much maintenance and you have good tenants, I would keep it.If you do decide to sell, you have about $200,000 of equity which you can buy 2-4 houses with when the market is more favorable.

My question is: If the HOA changes the bylaws to ban smoking (which they plan to vote on), and the lease held by the smoking tenant only specifies no smoking "within the unit," is there any legal recourse for the smoking tenant?

I am in the Akron/ Cleveland Ohio area. 

What is the best way to structure the partnership?

Is the bang worth the buck ? 

I have a weekend cabin in the area and explore the surrounding communities.

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