Originally posted by @Cody Weiss:@JohnCoreyUnfortunately, very little interest has sprung up from the BP community.

In addition, the capital outlay starts long before any income and the detracting of something from the primary structure even if it is just yard space.As indicated, my original protege made a lot of money (over $500k) on a land transaction associated with a large count ADU development.  

In your property folder I'd include a "Closing Folder" with your closing statement and original home inspection (all your major mechanical pictures and ages are there).

I also recommend you provide two sets for signature, so that both borrower and lender get signed originals.2.

My firm has a fix to rent product that discounts the interest on the fix portion, and discounts origination on the DSCR portion. 

@Chris Seveney is much better informed about the current state of note sales than I am since 80% of my business is originating high yield notes and only 20% is the purchase of existing notes.  

Originally posted by Patrick K:I agree as well, however I HATE my email client for my website and love using gmail, but I would never send an email from anything but my company account.If I could find a email client that is close to gmail or somehow mirror my company email account through gmail I would be a happy man.Gmail definetly has the ability to send/receive POP3 email from other domains.

This is most of the depreciation you are taking year one.You can calculate your depreciation recapture by taking the sale price of the asset and subtracting the adjusted cost basis.The adjusted cost basis is what you paid for the asset plus any improvements you made along the way minus the depreciation you took along the way.The profit above this original cost is taxed as a capital gain, but the part linked to depreciation is taxed at a maximum rate of 25% under the unrecaptured gains of section 1250.To recap the tax rates are:- Sec. 1250 real property: 25%- Sec. 1245 property and 15 year 1250 property: Ordinary Tax RatesThere are ways to minimize depreciation recapture especially if you know how to work smart with your CPA.1) Asset Valuation at Time of Sale - Sellers can minimize recapture by reallocating the price of the assets on sale.

Online, I actually don’t remember the original site I was on-one of the big ones which led me to a desert land site where one woman who owned a lot of San Bernadino land was selling.

. - Is this a reasonable stance for the original PM to take?