Preferred equity can function a lot like debt if it is structured properly.  

Since the A/C system can likely not function without the compressor in operating condition, replacing the compressor is considered a "restoration" of the A/C unit and material to the A/C system.

I don't plan to put in new tenants yet. currently functioning with 3 tenantPURCHASED: $1.055MTERM: 50% financing, 1031 exchange with 550K financing, RENOV: needs 100K in Cap-X renov.MORTAGE: $4,500/moCurrent rent: 5000+1000+2200= 8,200/mo GOI 98,200/yrTriple net tenant will pay for CAM and TAXLost rent: 1500+1000+2000 = 4,500/mo or 54,000/yr------Current GOI: 8,200/mo or 98,200/yr Tenant pay their CAM and TAXVacant CAM+ TAX: 1,800/mo or 21,900/yrMortgage: 4,500/mo or 54,000/yrInsurance: 4,000Current NOI: 28,300 or ROI 3% (22,300/630K invested)Potential GOI: 152,200/yrCAM + TAX: Triple net by tenantMortage: 54,000/yrInsurance: 4,000Potential NOI: 94,200 or ROI 15% (94,200/630K)Market Value: $1,055,000So I look for VALUE ADD stuff-----------THANK YOU FOR YOUR TIME

That won't change the tax rate, but taxes are obviously a function of both the rate and the tax value--so just a friendly heads up.

It's not that we are not interested in them, it sometime is a function of money, or, time, since we have a few deals going on at the same time.

(Yes, they're all technically different, but they function the same as far as a buyer's ability close quickly and relatively hassle-free.

As far as payback goes, that really is a function of the utility rates and how often the tenants are using (abusing) the hvac. 

However, functionally those high taxes are passed on to renters -- rent as a % of property value is relatively high, even though absolute rents are not expensive.All property taxes in our area include 4 categories: county/town, city/village (only if property is in an incorporated area), school, and sewer.  

We found that full accounting programs with PM add-ons (Yardi, QuickBooks) still didn't have full PM functionality.

I'm on mobile so I can't use the at function.