This would be particularly true if these were to provide a risk adjusted yield exceeding any comparable investments (i.e reinvesting the proceeds into another property).- Charles

It adjusts every Sept.

That is...unless my adjustment on my notes is very near term and happens quickly.

We are going to talk with them tomorrow and may adjust our offer, or we may press forward with the previous offer minus commission.

According to IRS you would base the depreciation on the lesser of fair market value or the property's adjusted basis on the date of conversion.

Versus, set up new LLC with myself as guarantor right now (local bank), fixed rate 6%, adjusts every 3 yrs amortized for 25 years 1% origination fee now no prepayment penalty and no fees when the rate is subject to change every 3 years (will have loan committment Monday).

Unlike an appraisal that is done to specific standards that all appraisers must follow.BPO requirements can often dictate that the agent must use certain kinds of comps, can't use other kinds of comps, and can or cannot make certain adjustments.

Be aware to use the special blade for granite/marble if you go that route...

Know what your repair costs will be and make adjustments to your offer price accordingly.

At the end of the day, two facts will always remain:a) Everybody has to have a place to liveandb) Not everybody can buy their own homeDoes the landlord have to adjust his/her standards by which tenants are selected, maybe.