They had to refinance it to basically kind of save the house now that everything is kind of on track she wants to renovate the property.

Haven't updated this post.House- basically done. 

@James Wise gonna have to disagree with the "lie cheat steal" concept regarding residents.Any resident has the potential to be less than desirable.

Basically you can't have the yard be higher than 6 inches below the window sill (otherwise it would v difficult for people to exit out of this window in case of an emergency). 

In order to pitch for funding, we feel like we need to get a few basic ducks in a row.

I'm tempted to do what many have said which is to just use a debit card, but I get 2% back on a CC, which is not insignificant when managing dozens of vendors, and I really hate to change a process that's working because the software I chose is lacking a basic feature.  

The basic demo was complete and the property was ready for reassembly when we bought it, leaving fewer surprises.

It will familiarize you with the basic terminology and benefits.

Basic white appliances.

You can surely buy cheaper properties and obtain the same debt pay-down, but now you've got 5x the head-ache, so right asset class is more about efficiency when it comes to debt pay-down.Tax shielding is similar concept in that more expensive properties directionally give you more building basis to depreciate, which means less net income to tax.