Part of why I have PM company manage them is to make sure health, safety, and other legal obligation are met so that the tenants are not put in harms way I don't end up in court. 

Random things will occur, but c class properties cash flow very well

He described heavy winds that seemed to be shaking the house before the collapse occurred.

@Michael Plante,  A thought just occurred to me.  

Procrastinating on that does more harm than good. 2) There are cost-effective editors out there.

Then after the rehab the tenant would be "paying the HML" until a refinance can occur. 

No interest or money paid during that time, obviously, as no draw occurred. 

Did that need to be deducted last year when it occurred or can I do that now that it is being sold?  

I am not necessarily asking if this one deal in particular is any good (especially since I am not going to be including enough details about the property or my situation to allow for any meaningful deal analysis to occur).Instead I am asking for advice on how I am looking at my numbers. 

Did that need to be deducted last year when it occurred or can I do that now that it is being sold?