I was able to figure out that they had come upon some hard times and were significantly low on cash.

What’s the guess on what happens there? 

It was supposed to be dealt with in December, but I can't find anything online to it being completed?! 

Certainly nothing ground-breaking in terms of ideas here, however I'll be very hands on (and on site) during the process to make sure that every step of the way is executed to a high standard and very carefully.Once I've hopefully developed a successful track record and gained experience, my next goal would be to move on to commercial assets (think multi-family, industrial etc) so that I can leverage my existing investor network and real estate knowledge to raise 3rd party equity and take on bigger projects.

There are some great on-line real estate courses, and I have found the information within them has really been helpful for my investment business.

It's putting out lots of fires, managing finances like a hawk, keeping projects on time, in line and on budget, marketing the property & getting it through closing, and *then* doing it all over again - and that's if you're not doing any of the work yourself. 

I've had this line in my profile for like 5 years.

When you go to sell, you're subject to tax on the amount of profit between your adjusted basis and sale price, not your purchase vs sale price.Recapture is not repaying the depreciation.

It might depend on what state the assets are in, and what state the entity structures in.

Maybe one the contributors on BP will see your message and start something like that.