Leaky indoor coil, very common for 5 yrs coils, unfortunately.  

Thank you for a detailed explanation, appreciate it...I am into flipping houses and my next venture is in one of the QOZs but I read you mentioned I have to hold it for 5-10 yrs .. which makes me think if this applies to my case.. because once I fix the property get and tenant in , I sell the property off and the capital gain i get are re-invested in my next venture.So now iam thinking does it Benefit in cases like mine?

Property taxes and maintenance make it seem unaffordable for them today, but within 3-7 yrs it’s conceivable that one of the siblings could afford to move into the house.

Did the owner end up paying you back or did you end up owning it after 3 yrs?

Although we have been doing this for 12 yrs.

Stessa is a free web based service that can also track depreciation for you as well.Something like this: Depreciation and Capital Expenditures 410 Pacific Item Property Closing Flooring Appliances Remodeling Windows In Service 2020- March 2020- March 2021- Mar 2021- Feb 2021- Oct 2021- May Basis $ 37,419.00 $ 965.60 $ 5,712.00 $ 2,920.00 $ 7,720.00 $ 3,800.00 Recovery 27.5 yrs 5 Yrs 5 Yrs 5 Yrs 27.5 yrs 20 Yrs Convention MM / SL MM / SL MM / SL MM / SL MM / SL MM / SL Year Total Land ($9,355) 2017 $ - 2018 $ - 2019 $ - 2020 $ 1,246.27 $ 1,077.29 $ 168.98 2021 $ 3,241.54 $ 1,360.55 $ 193.12 $ 999.60 $ 511.00 $ 58.52 $ 118.75 2022 $ 3,750.77 $ 1,360.55 $ 193.12 $ 1,142.40 $ 584.00 $ 280.70 $ 190.00 2023 $ 3,750.77 $ 1,360.55 $ 193.12 $ 1,142.40 $ 584.00 $ 280.70 $ 190.00 2024 $ 3,750.77 $ 1,360.55 $ 193.12 $ 1,142.40 $ 584.00 $ 280.70 $ 190.00 2025 $ 3,581.79 $ 1,360.55 $ 24.14 $ 1,142.40 $ 584.00 $ 280.70 $ 190.00 2026 $ 2,047.05 $ 1,360.55 $ 142.80 $ 73.00 $ 280.70 $ 190.00 2027 $ 1,831.25 $ 1,360.55 $ 280.70 $ 190.00 2028 $ 1,831.25 $ 1,360.55 $ 280.70 $ 190.00 2029 $ 1,831.63 $ 1,360.93 $ 280.70 $ 190.00 2030 $ 1,831.25 $ 1,360.55 $ 280.70 $ 190.00 2031 $ 1,831.71 $ 1,360.93 $ 280.78 $ 190.00 2032 $ 1,831.25 $ 1,360.55 $ 280.70 $ 190.00 2033 $ 1,831.71 $ 1,360.93 $ 280.78 $ 190.00 2034 $ 1,831.25 $ 1,360.55 $ 280.70 $ 190.00 2035 $ 1,831.71 $ 1,360.93 $ 280.78 $ 190.00 2036 $ 1,831.25 $ 1,360.55 $ 280.70 $ 190.00 2037 $ 1,831.71 $ 1,360.93 $ 280.78 $ 190.00 2038 $ 1,831.25 $ 1,360.55 $ 280.70 $ 190.00 2039 $ 1,831.71 $ 1,360.93 $ 280.78 $ 190.00 2040 $ 1,831.25 $ 1,360.55 $ 280.70 $ 190.00 2041 $ 1,712.96 $ 1,360.93 $ 280.78 $ 71.25 2042 $ 1,641.25 $ 1,360.55 $ 280.70 2043 $ 1,641.71 $ 1,360.93 $ 280.78 2044 $ 1,641.25 $ 1,360.55 $ 280.70 2045 $ 1,641.71 $ 1,360.93 $ 280.78 2046 $ 1,641.25 $ 1,360.55 $ 280.70 2047 $ 1,244.69 $ 963.91 $ 280.78 2048 $ 280.70 $ 280.70 2049 $ 81.91 $ 81.91 2050 $ -

They handle all paperwork and filings and build my score so that at the end of 2 yrs I am able to get near a million for a loan.

Property: 4-plex in Omaha NEAsking Price: $150,000Property Tax (annual) = $2240 ($187/mo)Down Payment: 20%Loan Amount: $120,000Loan Period: 15 (20 yr preferred)Interest Rate: 4.5%Monthly Mortgage Payment (using BP mortgage calculator): $917Built in 1900, conversion 4-plex owned by land lord for 40 yrs who is retiring.

I`ve been a General Contractor for 34 yrs...........and believe me there are enough "Johnny Lunch Box" Licensed contractors out there that don`t know squat and do horrific work.Keep drinkin`

We've been in PM for over 25 yrs but we are very small and transitioning out of it and into other venues.