Do you guys have any ideas on how to keep these things designated as "repairs" w/o spreading the work out over several years.

Clear you calculator, now enter the payment, or your numbers work out to be 716.43 on a 20 year amortization.

The job is more management intensive than most think.

If so, maybe you could work out a refi and get 600 to 700K and let the properties pay your debt, keep the tax advantages, use your cash...etc.

I know someone with no insurance who went to the hospital (intensive care) for a week.

Actually all three have basically avoided answering me and just kept telling me they would see "what they could work out".

I have looked at many distressed houses around our area recently, my focus is flipping single family residential w/ a backup plan to rent it out if things doesn't work out.

i would think you don't get to depreciate it since you don't own it, but that wuold be a better question to ask your cpa--i'm no expert.....as far as the insurance, it's whatever yall work out....withthe property i just sold like this, i added the buyesr as a second mortgagee on my insurance policy for their downpayment amount.

The way these credit tenant triple net leases work out, 100% financing would usually result in a negative cash flow for the property owner.

I am not 100% sure why that didn't work out, but you have to remember that in this market, people have many options as far as houses go, and most people don't want to deal with fixers.