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.$200k in cost seg deductions can offset the tax on conversion of $200k in an IRA or Solo 401k to a Roth account.

Do I need to show that money (25%) in my business account for two months?

Check the PMCs lease - ours has a clause requiring the tenants to report any water issues ASAP or they may be liable for resulting damages.But, the question then becomes, did the tenants know about the water issue?

check with @Jayson Cain or @Marland Richardsonorrrrrrr since its in IN check with @Staci Rogers at IU credit union!

In theory financially it makes sense if you can achieve higher return than the refi/2nd/heloc rate accounting for the reduced cash flow resulting from the higher leverage.  

The accounting was very dubious, always late with reports, never received distributions, they mismanaged the assets.

@Josh Silvester You need to check your local laws.

@Richard BrownI recommend a consultation with an accountant specializing in real estate taxation to discuss depreciation and deductible expenses.

As Nicholas said, get your agent to pull some comps in the area and check the finishes, etc.