The new depreciation would first offset the $20,000 of recapture then the remaining $10,000 would offset some of the capital gain from the previous sale leaving you with $40,000 of gain.

Long story short, not only did I commit the rookie mistake of paying for the remaining work in advance to the sum of $2.2k of which the work was never finished and no refund provided because of a sob story I won’t delve into.This gentleman was a foreigner who was legal and had a social security card for working purposes.

I have a fair understanding of what makes a solid investment but I'd like to understand on a more detailed level how properties are chosen and managed so they remain profitable.

That impacts the cash flow directly even though they are personal, they exist because of the property and the money was used on the property, so they are part of the monthly costs of the property.3 - Is the current loan the balance remaining or what the loan was at the start? 

Remaining mortgage is about $290k. 

I'd be surprised if you see another Hard Money Lender pick up this deal with better terms.The discussion we had with Daniel was that we could send the offer to our gap funders to cover the difference in what we would lend and what was still remaining.

I'm confirming with her what the remaining balance is.

Sure we don't agree with ethir new charges (and sure the merchants should now be able to lower their charges, but the fact remains that BofA is crooked in every sense of the word and nobody should continue to bank with them.

On the Final Due Date, Borrower shall pay all amounts remaining due under the terms of this Note.

In the case of his death I have 12 months to refinance and pay his son the remaining debt.