For example: you install a air conditioning unit in 2009 and depreciate over 27.5 years but then it fails 10 years later in 2019.

You have a "sizable" capital fund with which to use to leverage your future in commercial investing (and I would assume give you some time) to properly survey the lay of the land and find out which interests you & why and which plays to your strengths & weaknesses. 

Due to the inherent characteristic of this type of siding to deteriorate if not properly maintained and the difficulty in detecting all damaged areas, a qualified siding installer should perform a more in-depth evaluation.

Then, you must budget properly, sometimes without the benefit of having a full idea of what may be lurking behind those walls.

As far as I know, it's still illegal under federal law to house a growing operation without proper licensing and the funding of one.

@Melanie KentWhat is your analysis on this dealLet’s see the numbers and margins....Cash flow - cash on cash return - Net Income - expenses - I mean these are basic numbers that if presented properly - may provide some incentive for other folks to collaborate a deal.

If you get the "stay" and the property is under court order, the court may require that the proceeds be placed in the registry of the court until proper ownership can be determined.

Currently tenants go off site to do their laundry, I plan on cleaning out the basement and adding coin operated laundry and installing storage cages for the tenants to rent if needed.  

It helps to make the paperwork more clear by setting up an LLC for the partnership and using the proper loan documents (lawyer can help with all that).

I would leave her on the M2M and follow through with a proper 30 days notice when the time comes.