So, to sum up, you should expect that the "recoverable depreciation" is funds that would go to satisfy the bill of your contractor doing the work. 

He'd usually offer such kind of service, but right now he's extremely overwhelmed and has stopped taking on that responsibility.Anything else we should try?

I guess my investment time frame is maybe 3 months with extremely low risk. 

The city council has a strong socialist mentality and is extremely anti-landlord.

You can use deposit to satisfy unpaid rents.

. - Once bank account balance is satisfied, we will split positive cash flow 75/25 until we have both recouped our initial investment - this allows us to be both paid back simultaneously. - After we have recouped initial investment - we will be 50/50 owners - split cash flow/expenses 50/50.

If the floor repairs are cosmetic, and there aren't gaping holes in the floor, I would think you are technically satisfying those requirements. 

Uncertainty is what leads to opportunities and uncertainty will be at its highest between now and the next 30 days.Lending is the other risk out there which could lead to prices dropping but the Fed has been extremely aggressive to make sure that’s not a risk.

The odds of all your tenants being laid off is extremely low as the unemployment rate went from 3.5% to 5.5%. 

I know the space extremely well.