., mobile homes often lose value over time unless they are situated on owned land) and tenant turnover.However, tax advantages include depreciation deductions, which allow you to offset rental income by writing off the property's value over time, and cost segregation, which accelerates certain deductions.

I'm just going to write up an addendum to terminate these addendums. 

You wouldn't want to pop a 2% balloon unless you sold the property, but make sure you write it as assumable so you can sell it.  

One last thought is your likely going to be getting a larger depreciation write off with new acquisitions.

Someone with $10M in the bank in cash just needs to put a lot of money to work and time value and tax write off is more interesting to them than a hungry investor in their 20s that has never found a deal.Honestly, books are great, but they are about as "boiler plate" as you can get as I'm sure you're discovering.

Get everything in writing!

However I would say those lenders would be more willing than a bank to write the mortgage, and after completion you can refinance it.Overall, its probably easier and better use of your time to just find another house that doesn't require the construction and where the numbers make sense.

That is not a particularly hard thing to do, but you need to put it in writing and execute a new note for the loan mod.

That's 50k a year gone and you are losing tax write-offs and equity potential.

A 1-star scammer review isn't worth the money for the stay.Jonathan, how do you "make sure" they don't write a bad review?