If this was a million dollar piece of land, thats an issue. 

Curious to get some tips from folks that have a larger portfolio (say 50+ units or larger) across multiple MF buildings (so different acquisition dates, financing, etc.) and what software you use?

This approach can help you secure funding more easily without the need for traditional income documentation.

If he has concerns about maintenance, property taxes etc already and he doesn't even own the home then maybe this should be addressed first.

Excited to hear your thoughts and tips!

meet people, look at properties, learn the neighborhoods.happy to help further if i can. 

I am currently a Licensed Real Estate Agent for New Western where I help investors find opportunities that align with their goals.

Others hit on this but the key is why are they non-renewing? 

It's easier to break these up into two sectors to help simplify the breakdown process. 

The land represents ~1% of the purchaseOn the contrary - if you purchase a $2 MM shack in manhattan on a postage stamp lot, the land could represent 99%Lever 2 - % of the property with a shorter useful life.Not all parts of a piece of real estate are depreciated at the same speed.Certain personal property assets have SHORTER lifespans in the eyes of the IRS vs the standard 27.5/39 year livesProperties with tons of this often have:- Over-developed land sites (hardscaping, pools, retaining walls)- Fancy Fixtures- Fancy Furniture (STRs!)