the ONLY true way to reserve for sub to melt down is to have the money in the bank to pay off the offending mortgage full stop any thought of trying to refi etc is just wishful thinking sellers credit will get hammered while you go through the process.

Hope this helps. 

This can be helpful if you expect your property to become profitable soon.Save It for Later: If you don’t use it this year, you can save the depreciation for future years when you have more rental income.

This property is considered Agriculture or (AG).

This is what makes it non-passive. 

What made you interested in investing in this type of deal?

Try to do this BEFORE you put any earnest money down.

The main house(first and second floor) is in reasonably good shape for a home of this era - most of the original woodwork, flooring and tiling looks good.

How did you find this deal and how did you negotiate it?

Is this marketing, sales, strategy?