You need to appropriately account for capex, or it will sink you.Assuming you accrue $200 per unit per month for cap ex, you've now gone from a $69k NOI to $43k cash available for debt service.

Did interest continue to accrue for income based repayment plans?

I would further tell them that the "meeting me 1/2 way..." includes them picking up your prepays and the rest of the expenses that will accrue during those two weeks.  

So the total amount of "credits" that would accrue would not exceed 6% of $220K (that would be 13,200) .  

Nevertheless, if you do qualify, the phase-out as well as the 25k limit will disappear.For most "mortals" its likely best to bite the bullet now and use the accrued deductions in the future, as detailed by Jon.

In this sense, you are "accruing" expenses because inventory is an asset account, so all you are doing is saying you are buying more assets.

Accrued property values are useful only at the end-game exit time.

Get two checks, one post dated Jan 1,'16Use an accrued accounting method instead of cash

-what have you done to prevent the problems from happening again, or ever accruing  the first place?  

Also many wholesalers start wholsaling to accrue the funds to actually buy.