You elected to use straight line depreciation or $25,454/year ($700,000 / 27.5 years).

Hopefully Roofing, HVAC,elect/plumbing are sound.

I have been my HOA President, for seven years.

That being said, there is overwhelming support for Phil Scott in VT in general so the prediction is that he will be re-elected so I'm banking on that. https://projects.fivethirtyeig...

I would do your best to form a good relationship with HOA presidents and members and see if there is any way to amend the bylaws for a very small percentage of units. 

Jason Schenker, president of Austin-based Prestige Economics, said, “I don't want to discount the individual pain of layoffs, but on net we are still adding jobs [in Austin].

I wouldn't allow the financing terms to determine whether you elect to convert the home into 4 or 5 units.

That starts with your REIA President and asking good questions, and inspecting what you expect.

Unless you are basing your opinion on the recent election and Obama's anti free market/RE policies, that a whole different story.But then again, you have 100 times the knowledge and experience I do, so I'd love to hear your opinion.

The individual series CAN have their own EIN if you want, but unless you are electing to have them taxed differently (like S Corp) then it's not worth it.