In the absence of actual knowledge of abandonment, it shall be presumed that the tenant has abandoned the dwelling unit if he or she is absent from the premises for a period of time equal to one-half the time for periodic rental payments.

I try to go by periodically and check on it, I was actually there just last week on Tuesday making a repair and noticed the grass was getting tall, I did not look in the backyard, which was where the 5 foot tall weeds were down a slope.

Our understanding is that this is consider a Capital Expenditure and if gets depreciated over a period of time.

If  2 x 4's can be framed in to where the drop ceiling was attaching to joists then you are maybe ok.  

I know with the brrrr strategy I would be able to recycle capital and do more deals in a shorter period of time.

Good Morning BIGGERPOCKETS FAMILY:QUESTION: I am interested for a property that Asking price its 135k , 3 days inspection period and 3-5 k escrow deposit  ; i need to made this deposit  in 2 -3 days , my question its THE SELLER are asking FOR A PROOF OF FUNDS, that i need to got from a private lender or hard money or conventional loan , in this time the seller will be receive all the offers and just select one ; THE best OFFER FOR him; how i compete to be the first to secure the property????

Without a cost segregation study, you would depreciate the $12M over a 39 year period, $307,692 per year.Within this office building, you have assets such as paved parking, specialty electrical, finishes, carpeting, landscaping, sidewalks, office furniture, electrical systems, plumbing systems, etc.

Also, with my yearly maintenance/capex budget originally at $3000.00 my agent made a good point saying over a 10 year period do I expect to put $30,000 into the property with many things new.

So it's not the communism of 1985 China nor any other period. 

Will it generate good cash flow year round or just a small period of the year?