Bonus: we'd only have one lease to deal with, but face the problem of finding a large group of tenants.

with bonus depreciation for investor that step up and invest in these areas to bring them back to life much quicker than what would normally happen.

Originally posted by @Jay Hinrichs: if the Feds create a GOZONE type tax play like they did for Katrina that really stimulated the ecnomy and brought in investors from all over the US. 50% bonus depreciation can make it pencil a lot faster...

Knowing the area, being able to drive to your property, etc is a huge bonus.

Should you give Grandma a "bonus/share of the profit" when the new appraisal/refi comes in at $100k over your costs????

@Randall Kates,  Thank you so much for your generous heart and willingness to help and serve others.  

I would MUCH rather be too generous than not enough in this situation.Some thoughts I have:1) Offer him a lump cash sum if I can buy it on my own 2) Allow him first right of refusal to buy it (and pay me a lump sum)Anybody have any experience in splitting up a deal with a close friend or family member?

The reason - I am a part-time employee, and about 80% of my income comes from bonus (tipped) income.

I am self-employed so that should be a bonus to not pay some of those taxes.

Call the roofing company and have them issue a complaint with the police.Tell roofers you'll stand by while they work and insure the tenant will not interfere until job is completed.. offer the roofers a bonus cash so they return.