It is $200k minus closing costs plus recapture of depreciation taken over 9 years, which could be some $40k of additional taxable gain.But, barring some complications that you have not mentioned, your gain on D should be offset by your suspended passive losses on A-B-C.

Bar Harbor Bank & Trust has been very good to me as well over the years. 

Who knows maybe my bar is set low but I'm curious to hear what a home run is to others!

I haven't seen the agreement but using the structure as you outlined, here is what would normally happen (barring any surprises in the language):  You would receive 100% of all distributions until you have been distributed an 8% annualized return on your investment. 

I am fairly new to the real estate scene and have been silently educating myself through BP's forums, webinars, my own reading, podcasts, etc.

@Brendan Flannery that's awesome how you set the bar you wanted to achieve and then crushed it!

I'm on scene.

I am Tyler Pearson and I am pretty new to the Real Estate Investing scene.

I considered bars on the back and side windows to prevent any intruders. 

@Bob Bevis  I believe Bar Harbor Bank & Trust is still actively lending for investment properties, and covers NH, Maine & VT.- Tom