Investment Info:

Single-family residence buy & hold investment in Odessa.

Purchase price: $41,000

Cash invested: $104,088

This is the first home I BRRRR'd. It also happened to be long-distance an...

Here is a sample mileage log that the IRS expects you to provide if audited.Can you survive an IRS audit without such detailed log?

GerberThe Pumpkin Plan...And all the other books by Mike MichalowiczSteet Smarts: An All-Purpose Tool Kit for Entrepreneurs by Norm BrodskyLifeonaire by Steve CookI personally got alot out of Boss Life: Surviving My Own Small Business by Paul Downs (really for business owners with employees)

There are cases where the surviving spouse of a veteran for example continued to get the rebate years after the spouse became deceased. 

If market goes up, you'll survive

As I stated in my question, I was ignorant and had to survive on the cash flow.

A great example from history is the survival rate of prisoners transported to Australia during the 1860's.

There are some liens that survive the tax deed auction.Government/IRSCity/County (nuisances, etc..)You need to physically drive the property. 

What happens to the business, how is it divided up or does it survive and go to your partner?

For me, not needing that cash flow to survive, I'd probably opt to finance it all out because I know that I can make better use of that $22k than saving the 4.75% financing cost.