Required $40,000 of improvements.

Required $40,000 of improvements.

I purchased the park for $125K, putting 25K down and financing the rest with a local bank.When I put it under contract, there were 15 trailers in the park, each paying monthly while they worked energy and construction jobs in the area.

We improved it over the 5 yrs we were there, and when we PCSd we sold that. 

I would like to allocate as much as possible to the farmland improvements in order to claim depreciation and as little as possible to the personal residence and farmland.

I figure that's partly due to the recent drainage infrastructure improvements made in that area. 

So if I could invest and get 10% ownership of a larger deal, with the efficiency that brings in: solid property management, less volatile vacancy figures, etc. would that be a the better route than trying to do it on my own with a much smaller deal?

Your friend could then work on improving his credit profile so he would qualify for traditional financing.2.

The purpose of my discussion is to propose my helping hands and additional energy to assist anyone within the state and city/cities with their properties or even company.

I feel overloaded and confused to where to focus my energy.