Cue, us!

I am a corporate/commercial lawyer in Toronto, with an interest in non-residential RE investing (although I do have a res rental unit).

I am planning to replace the carpet in the empty unit with tile throughout as my 1st attempt to tenant proof the unit.I have my financing in place as a 30 yr fixed loan requiring either 20%  or 25% down (Non owner occupied).

However, I get what you're trying to do in order to be able to just print off a balance sheet to show your Net Worth.I do disagree with your CPA about putting in an offsetting liability as this still will not get you what you're looking for.Instead, I would create a separate asset called "After Purchase Appreciation of Asset" and debit that for the increased value.I would then create an Other Expense (Not an Operating Expense) and I would call it "Non - Taxable/Non Deductible Transactions". 

Farming operations have scaled correspondingly and what was the family farm of my grandparents is no longer sustainable ... in the areas where my parents grew-up, many "family" farms today are working  6 - 10 sections annually - a task that requires millions of dollars in capital equipment.There are also farmers who are specializing in organic and/or non GMO crops (both of which may require maintaining a wide border strip between their fields and their neighbours crops).There were (and likely still are) two principal ways of renting farm land in that area: a) straight rent per acre/quarter/section or b) a share cropping arrangement with the farmer working the land.  

This is also the same percentage that you need for a non-cash out refinance (more on why that is important later). • If you purchased the investment property with a loan,then conventional loans will require you to wait 6 month to take cash out.

I am planning to replace the carpet in the empty unit with tile throughout as my 1st attempt to tenant proof the unit.I have my financing in place as a 30 yr fixed loan requiring either 20% or 25% down (Non owner occupied).

Hi All, I reached a verbal agreement and my offer was accepted by the seller on a 15 lot park.

Non-Recourse agency debt, bank loans, bridge loans, loan assumptions, and etc. 

that is the long term plan, is to have a holding company (LLC or C-Corp) with the rest of LLCs under it as non income producing LLCs.