Maybe there's a flat fee involved to preserve this rate.Just a thought, this maybe unorthodox as I understand that everyone's subject to a a national change in interest rates. 

The mortgage company even stopped sending out the property preservation company and did not pay the property taxes.

And the fact that you may end up getting commercial loans in your entity, it just makes more sense to me to use the S Corp and preserve those 10 conventional spots.

You have a right to protect and preserve your property.If it's something that can wait, try to work with the tenant, consider it temporary, and plan for their lease termination.How you repair your mechanical systems is your business, not the tenant's.

And on top of that there's going to be a 10% down payment associated with the purchase, which again puts us back to essentially the same terms as a VA loan with no money down, preserving refinance abilities.

We currently have 27 designated historic districts in SA, the "Federal Historic Preservation Tax Incentive program" offers a 20% federal tax credit for qualified rehabilitation expenses (must exceed $5k) in or around historical communities (May include Contributing properties 50 yrs or older).

In our preservation side of our work we see many homes that the cost to gut and rehab are more than the property would ever bring on the market.

Same with decks and porches, I prefer preservative or stain over paint.

If you are ever in the process of starting your own reit, hiring a good attorney to bombard the charter with provisions is key to long term success and preservation.

I found that Costs includes "the amount reasonably spent by the purchaser for maintaining, preserving, and safekeeping the property, including the cost of: property insurance, repairs or improvements required by a local ordinance or building code . . ."