Yes, I have contacted the City about this, and they tell me due to budget cuts, they cant attend to all abandon homes, unless it has severe structural damage that could affect the inhabitable home...whatever...

When we structure our REIs, our properties cash flow.

The auto industry, the airlines, the hedge funds, the housing industry, and even states and cities are now asking for bailouts.I certainly wouldn't hide with your shotgun in a bomb shelter, but I certainly would have a shotgun and some shells in the basement!

Ideally the structure will be strong enough to support a much larger business.

How do you structure a double close with a bank and an end buyer?

The building itself is structurally in pretty good shape, its a standard two sided roof structure (i'm not good with the names yet) which a fairly simple layout inside.

I have no idea what I should do here, but would like a general idea before I speak with a real estate lawyer (which I will do for sure).Also, in terms of financing - what is the best way to structure this?

If we were in that context I think the market would correct itself, but I don't see how given our structure and fiat money.

J Scott- Is there any problems with seasoning structuring deals your way?

In fact, in year twenty, you would be depreciating the original basis in the dwelling structure, plus any five year property that had been replaced in the previous four years, plus any 15 year property that might have needed replacement in the prior 14 years.