The property also has new windows, A/C, and furnaces for both units and is all brick...major pluses that I was looking for. 

Reason being, whenever there is a major storm, roof and siding people get backed up for weeks to months.

I believe it gets depreciated because it is an improvement or major construction you are doing that will eventually appreciate the price of the property.

Not only because NOI does not include several major deductions, but because many important decisions will be made between your GP and their CPA during tax preparation.

It was about how a major operational restructuring would effect the forward operation and our discomfort with the risks.

There will be a meetup on Friday night at Vis Major Brewing from 6-9pm.

Is there a major defect you noticed?

They told me if you don't have someone in the deal with a net worth that is 1x or 2x the size of the deal they might not want to work with you under normal terms but will happily write a hard money loan at 7.X - 10% All these people that do a 75LTV loan from a local bank where they put down 10-15% the seller carries 10-15 is not a thing in major California markets.

This is a major renovation that would include interior and exterior projects.

To locate absentee owners, I think often, it's a waste of time.Out of curiosity, I googled skip tracing, and there's quite a few discussions of the subject out there, and quite a few threads even in BP.My first job out of college was in the collections department of a finance company.