FAS 143 and FIN 47, from the Financial Accounting Standards Board (FASB) implemented a provision in 2005 that requires companies to recognize the future expenses of environmental cleanup of facilities (even if leased).

The whole point of my suggestion is to use hard money lenders because their lending criteria is the most stringent in regards to today's FMV.

Again, this strategy is not to be implemented to defraud anybody or declare bankruptcy the next day .

The plan was never approved or implemented, which areas are which is obviously a huge political football which, if a similar plan is enacted, will be subject to contentious political fights.

I encourage anybody looking to implement software to look into several competitive packages and look not only at what you are doing today, but what you expect to be doing a year, two years, or five years down the road.  

We could also make a massive real tax cut simply by implementing a true aggressive policy of oil productions, drilling, shale, etc approve everything and watch the oil bubble deflate, after all gas was only $1.75 gallon a few years ago, talk about putting money in pockets - stimulating jobs etc with new spending.on and on we could go - it's not difficult.Productivity keeps improving.Debt per Capita - Even Germany has a higher debt per capita and as a % of GDP.Remove some of the current hindrances and watch our economy grow.Rich, you and I both know that even the shadow inventory will one day, suddenly disappear, before anyone knows it, when the pent up demand starts working again.We are holding ourselves back with wasted spending, rules that thwart bussiness, anti profit rules, etc.

I'm implementing it in our upcoming office because of open desking solutions, so that an agent isn't tied down to a physical phone, and they can log into the phone with an account to register the extension to that phone.These systems are not cheap.

As a rookie investor who is not having an easy time connecting with contractors, this thread has been very intriguing and insightful.I love gleaning all the sage advice on BP and from seasoned investors, but either some of the advice may not be sound (like @Jay Hinrichs suggests with BRRR, etc.) or investors aren't implementing good practices.Or maybe there's a whole in the real estate investing education similar to the business practices acumen missing among many tradesmen, per @Luciano A.'

I looked at the RevCan/CRA guidelines around holding CCPC shares in my RSP once many years ago and it didn't fit my need at the time - if I recall correctly, the non-arm's length restrictions were too stringent.  

Obviously you've heard the expression, "Never listen to the naysayers" I commend you on writing this post, because my strategy that I am about to implement after this tax season will go against the grain of traditional strictly cash flow investors.