A much simpler strategy may be to sell the property, buy a new property, do a cost-seg analysis and take Bonus Depreciation. 

@Steele KruzelThe $60k should go towards your cost basis. 

Construction Business LoanHow did you add value to the deal?

This would be 2 days before he announced in his June 20th email (which I believe you have) that he was suspending payments to hundreds of investors because of financial problems.He did not disclose anywhere in the webinar (48 hours before the email) the difficulties that his business was experiencing which was laid out in the email 2 days later.

Partner Driven financed the Sierra Drive deal using its own capital, covering the $185,000 purchase price and $33,900 in renovation costs.

If they cause a sewage back up because they are flushing wet wipes and the cost of repair is $760, who is paying for it?

Tough neighborhoods still, but plenty of fixer uppers and low cost plots make it ideal for scrappy individual investors looking to get started on the cheap.

HELOC's are low cost, digital, cookie cutter no exception type processing- you fit in the box or not.

Then we have an opportunity to purchase an investment property with a partner and the expected cost per partner is 137,500 with the expected rent per partner to be about 1,600. 

With regards to the cost to step foot into this loan I’d be paying the 5,000 she has in equity plus the difference in purchase price to sale price ?