Banks usually like to have their loans secured by assets such as RE, equipment/inventory, or other tangible things.Hope this helps.

New irrigation, sod, plants, trees, rocks/shell, paver patio, driveway, exterior lighting, and fence.What made you interested in investing in this type of deal?

You can do this simply by changing your bedding colors and the colors of accent items like throw pillows and towels. 

Imagine you bought a property for $2M.The land (excluding any structures) is valued at $400K.Since land is not depreciable in the eyes of the IRS, we subtract the land value from your purchase price to get your depreciable basis.Your depreciable basis is simply where a cost seg engineer starts from when allocating your eligible assets into either 5, 7, or 15 year property.In the scenario above, your starting basis would be $1.6M since your basis = your purchase price - the land value.Having an accurate land value is essential to getting your depreciation/bonus depreciation calculations right.This is the starting point for any cost seg study that you do.

@Travis Biziorek read my post in this thread!

This way, you would have two income sources offsetting most, or all, of your mortgage payment.

I'm surprised they were able to do a 1031 under this structure.

👏 Agree, this is the kind of data that can help you stay ahead of the curve.

@Tim Callahan, you may be able to add this to your lease in the future.

This will create some more movement, has been holding up quite a bit of growth.