Tax history shows $14k/yr but then with the adjusted price of $250k it brings the taxes down to about $8.5K/yr.

Remember though, HELOCS can have adjustable rates so payments can vary.

When it first occurred to me and I started modeling I was expecting this to be a slight boost to my cash flow each year by maybe 1-2%, but turns out the year-over-year cash flow increase above the inflation-adjusted cash flow from the prior year is much larger and keeps growing from year to year!

The neighbor should have called the contractors insurance company, who would have sent out a claims adjuster and taken care of the damage. 

He lives off of fixed Social Security payments and has virtually no equity in a house with a $500K loan balance that he refinanced 10 years ago using an adjustable rate loan.

So it is messed up, and if it was done by an accountant, he should be your former accountant by now.Your new accountant will need to discuss with you how to fix the 2017 errors or, at least, how to adjust for them.Your loss should be allowed in full in 2018, but on what part of the return - that depends on how you and your new accountant decide to treat it.

It's messy (water and diamond blade).

Ask the seller for more than the cost of the repairs in a price adjustment/credit.  3. 

PS: Houston should be well position since oil price is already low and out local economy has been adjusted to that already 

If it's B, then how would we go about adjusting her original $800 last month's rent for the new $50 YoY rent increase?