We've made each other some nice profits, so we get to argue over who picks up the check at dinner.  :-) Congrats on those deals  I just have not wanted to take on hundreds of investors.. my one I did we raised half the one you mention ( 7.5 mil)  with only 6 investors so On a very personal level with each..

It is like you and I are arguing about there being life on Mars, we go to Mars, and I SHOW you an alien that is shaking your hand proving to you there is life on Mars yet you still argue with me that it is not possible because of x, y, and z, when the alien is shaking your hand!

But it was easier to add the double grounds than it was to argue.

And as for a multi, I'd argue it's best to build, not buy, especially if going out to the NW "burbs".

Simply deducting prorated rent from the deposit is simple and clean and hard for them to argue since they communicated this schedule to you and that the property wouldn't be ready to turn over to you until the cleaners were complete.

Since RAD has someone on the forum they can respond to this, my question would be you make some pretty damaging statements there, do you have any dates etc. you can refer to like the cookout at XYZ on this date or the party at ABC on this date or ABC drives a blank model company car...

In a way, depreciation creates a disconnect between the tax code and the economic reality of real estate.Some argue that depreciation accounts for wear and tear.

If you believe you are going to create new case law.....I wish you even more luck....Doctor who is given 100% financed loan creates new legal precedent arguing the loan has "ridiculous terms"....I don't think so

However, if you turned over a flea free unit to the tenant, you can argue that the fleas resulted from the tenants actions (bringing the dog inside the house).

Tough to argue with that.