Ideally I could slide a new builder in and I make up the cash difference, but I would be completely tapped at that point and they may not go for that. 

Need help with adjusted cost basis of this home when converted to rental in 2017 for filing 2017 taxes.With original purchase and subsequent refinances(4 total) there are typical closing costs, such as points, title, recording and other lender fees.I've being doing taxes myself for my personal and other rental properties I own.Here are my questions:1) in addition to title, recording, what other escrow, title or loan related expenses from the original purchase in 2004 can be added to the cost basis adjustment?

One of my slides specifically said:Jacksonville is:Huge!

I suggest taking the time to read all the course suggested reading (chapters from textbook and sections of law) before going through the slides for that unit.

I have a lease renewal on April 1 for one of the two units where I cover the oil cost … on the basis I do the conversion in the spring, I’d subsequently be tasking tenant to cover their own nat gas bills going forward (starting this coming winter).

Another example, in a multi-family building there will typically be a single water meter, hence landlord pays the water bill; tenant family size can increase and subsequently water consumption increases with a corresponding increase in water bill to the landlord - no matter what CPI is doing.

The original contract and subsequent renewal options did not include an early termination clause, which would mean under current Florida law the landlord doesn't have to seek to re-rent or mitigate damages, in other words "a contract is a contract".

That assumes your contract allows for you to "automatically extend" your option period without seller's written agreement on any subsequent extensions.

The previous management company of  a property I purchased did not cancel services with a snow removal company upon the sale of the property and subsequent change in management ( it is now owner managed).  

With it being built in 2004 (which is the same year as my facility Phase 2) You may be looking at needing to replace some doors, door handles, sliding locks on the doors, possibly repainting the building.