Jeff Poe You need to talk to a CPA so you don't get into tax problems down the road.

Right down the road in Coronado CA

The problem here is that you haven't identified if she's still living in the rental or not.

The study identifies with forensic engineering detail the immediate Bonus Depreciation 5, 7 and 15-year personal property class lives qualifying portions of a building that are normally buried in 27.5 year residential or 39 year commercial categories.

If I have plans to remove or relocate a wall, I’ll identify which direction the floor joists are running to determine whether or not its load bearing.

In this example current debt plus 1/2 rent would be 39.6%As far as the boat goes, maybe down the road we can let the boat in for a fee. 

I don't know how these firms could identify a rent payment versus any other payment.Is there any information available on how that will be represented on a tax return?

If you can identify and categorize all your expenses to do your taxes at the end of the year, it doesn't matter if you use just one credit or a many of them. 

I'm currently in a refinance road block.  

I am guessing you will rehab and either sell or refinance it, so paying cash just makes it cleaner and easier down the road.