So don't know the accounting mechanism the finance guys used. 

So, apple can the like can layoff as much as they want, it can help the rest of this country's industry with their modernization / mechanization / softwareization / whatever...So, I think from that point of view we are saying the same thing.As for your last point, I think again I would say the same thing, perhaps differently. 

Kind of reminds me of the sign at the mechanic - Shop rate $80/hr. 

Big things to look out for include: enough parking to meet requirements (you should have plenty of space in this case if your lot is flat), fire and mechanical requirements (should be fine if your new duplex is detached from the house), utility upgrade and install costs, and vertical building costs.  

They have their contractors sign a "release of lien" so that their clients end up with a property free of any mechanical liens.4.

Additional Numbers Annual cash-on-cash return after all expenses and reserves: 45%Cap Rate: 8%I’m saving 8% for repairs despite all new mechanicals and roof with the intention of using a considerable reserve for numerous mechanical and cosmetic updates in ~10-years.Things I liked:1.

I think you should consult a CPA about the mechanics.

In such cases the flood insurance might be in the hundreds of dollars a year, and tenants are easily found for them if they are renovated and properly set up (have the mechanicals above BFE). 

You ask the mechanic about your engine and your doctor about your health. 

whatever you paid for it at the the sheriff sale is what you owe. now the previous owner will pay more as there were more costs from when the sale took place until you (the new oner confirmed it).bottom line, you only owe what it sold for at auction. if there are surviving liens (like a mechanic's lien or any outstanding water bill), then you would most likely owe that.