@John Wallace This is in relation to the deductibility of interest on the borrower's individual income tax return as an itemized deduction (Schedule A).If the proceeds from an equity loan are used to purchase another investment property, the interest will be deductible against rental income.We have to apply the tracing rules when determining the deductibility of interest payments.

I'll be sure to fill everyone in on the details of the deal at the next REI meeting at Ramblin' Jacks.Skyler

Thank you for any helpUnless you are haven’t shared any other details in this post,There is no reason for an S -Corp.

When it comes to reserves, I dont use percentages for capex, I use real dollars, based on the age and life expectancy of large items (roof, hvac, water heater, and a buffer for other items).

By withholding retention you are incentivizing the GC to complete the project whilst you earn interest on that cash in the process.You'll also need to include a project milestone schedule detailing when each task is expected to be complete.

This is a late evening cry for help after a long day at work so apologies if I am missing any crucial detail. 

I have a separate document that goes into more detail but this is the basics.(1) Tenant may not assign this lease or sublet the Unit without Landlord’s written consent.

Mike, I am truly grateful for your detailed replies.

After applying for a loan you should be able to get an offer letter with these details within 24 to 48 hours.2. 

I have been investing in Real Estate since 1997.I have went through a few downturns even before the 2008 crash, such as the Tech Crash of 2001 where NASDAQ lost 66% of it value.My properties are in NYC, Brooklyn specifically.I tend to be a very detailed oriented researcher into the area of Investment that I am studying.Prior to purchasing my RE Investments, I learned the RE Business Cycle so that I can soften a blow from a downturn as much as possible.