The difference is since you own the property you can try to dictate under what terms you would do a sale leaseback.

The market dictates the price. 

You can bid over what you are owed, but you’d have to pay the amount over your debt in cash of course...any surplus goes to the borrower though, assuming there are no add’l liens.Your servicer needs to be handling this, state/fed laws dictate when you can actually file foreclosure, your servicer will know this.

Your revenue is probably what dictates the analysis.  

That will in turn dictate the type and size of your development.Start small and Make Your Big Mistakes Early.

Post refinance, I will be on the title and loan but he will have 50% equity.Question: Am I correct to say the partnership agreement between me and him is the only place that will dictate the ownership of the property.

Post refinance, I will be on the title and loan but he will have 50% equity.Question:  Am I correct to say the partnership agreement between me and him is the only place that will dictate the ownership of the property.

Midwest, quite a bit of markets the tenant provides some of them, or even all of them in some areas.But if an applicant is trying to dictate terms like that, they generally are going to be a PIA. 

Often times the local customary terms dictate what the a lease needs to be in order to be marketable - for example, if the market is full of rentals where the landlord provides appliances, and pays for maintenance, then that's what the market does, and if you want to rent your place that is what you will have to do.Personally, I would prefer not to provide appliances, but sometimes you have no choice.Each situation is unique, but in general, if a landlord provides an appliance or fixture, that landlord is responsible for making sure it works and is maintained.

The IRS MACRS dictates that residential rental property is depreciated over 27.5 years, using straight line depreciation and the mid-month conversion, which I believe would mean you start depreciation your rental on July 15, 2011.