I have bolded it]"(d) Acquired or produced tangible property.(1) Requirement to capitalize.

We have been investing in buy/hold properties for about a year now, currently we are the owners, managers and maintenance crew while both working full time jobs, time is precious and I am trying to stream line our polices/procedures for maintenance issues.

An unrecorded warrantee deed would have produced the same results.

We live the income our 4 unit produces, but the are much harder to find(at a good price).  

There are a number of expedited procedures which may allow relatives to obtain access, a probate court order authorizing management to open the unit, or a summary probate process available for low value estates when a personal representative is appointed quickly.

@ed I would have him produce last years tax return.  

Calculate the income produced by the property and subtract the expenses with the exception of debt service (Principle and Interest). 

If you state/local law gives you the ability to start eviction process quickly after there is not a full payment, then you should follow that procedure to show your tenant there are standards they should be aware of while renting from you.

All of the carriers my company represents started contacting their policyholders last weekend to help prepare them for the storm and provide claim procedures.

Emails also seem to be a little easier to produce if you’re in court and want to use them in evidence.