I doubt my treatment of the late fee is going to change any of that!

But there really isn't a tax impact on the principal.Where there is a difference in tax treatment is with the interest. 

Just accounting is a small part but pair that up with alternate asset investing strategies a(aka real estate one example) and you become much more powerful than just a simple CPA.I do my own accounting using as much technology as it's available, and I find it very easy.

I have been told by a termite inspector that laws are changing and that banks demand treatment every 5 years on properties with known termite issues.

Any other legal advice is ILLEGAL and may be very incorrect.Seeking advice from an attorney in the area where the property is located can be a wise and very economical decision considering the alternative.

For our purposes is it worth looking for alternative financing given those terms?

Making visible improvements and slowly raising the rents is probably the best alternative.

You and the husband could sign the same copy she signs or alternately there is overnighting....

This company uses the heat treatment which is supposedly the best way since it kills them all in one shot.

What are our alternatives, and what do you think of state/ fed sponsored bond programs to help with rehab- pros & cons?