We repeat this cycle every year when we do a deep clean and seems to work great 

so following @Drew Sygit's methodology of no-horse-in-this-race observations1) didn't see the 'no pants' thing coming...thats a new one for me 2) it looks like you bought at the lowest interest rate, highest part of the market cycle so you gotta own that and a chunk of this decrease is cyclical.

It's sad the cycle our goverment wants to keep us in...5. 

First I want to say that multifamily was on a cycle high 5 years ago.

The cycle will happen again.

They are basing it off a depreciated cost from an original install price of $1440 and claiming a 7 year life cycle.

Here's how I do my due diligence:1) Portfolio matching: (takes 30 seconds per deal)a) Have an educated opinion on where I think we are in the real estate cycles (financial and physical market cycles)b) Then and only then do I pick the strategies, capital stack, and specialized asset subclasses that make sense for that opinion.

@Craig Ancier I was hit by a car while cycling at 30 years old, had a wake up call, and realized how poorly I was handling my finances.

If you have a private card with them apply for a business card first typically they give you 10K as a new business client you can 3X every few months your credit limit on that card and after a few cycles go for the blueprint credit line.

There are several landlords that operate off the mindset that its all business and could give a shtt less who it damages but it leads to a vicious cycle of events eventually.