If anyone else is looking for good lease forms in Texas, I would recommend Rocket Lawyer, and just be sure to cancel before it auto-renews, unless you need legal forms on a monthly basis.

Burns,You need to do an analysis on what your cashflow will be like after all expenses are paid on a monthy and annual basis.

Does she have any basis to her argument?

But I see good deals everyday in both the markets.

If the account is growing tax free already are you still forced to take the depreciation out of your cost basis? 

Though money gets discussed from day one, @Debra Leeson is actually spot on; private lending like this is based 100% on relationships.You don't walk up to any private individual waiving a PowerPoint presentation and expect them therefore, to invest their hard-earned personal retirement money in you, solely on that basis.

This is what the 1st mtg wants, and won't object, happens every day. 

Part of it is the "basis" on the property. 

What would you expect to pay on a sq yd basis for just carpet?

What everyone needs are products, services and policy structures designed by real estate investors, for real estate investors and one of those features is a portfolio type master policy, with no location limits, with the ability to insure multiple controlling entities and properties in any stage of renovation, in all 50 states, offering agreed value, special form coverage with theft and vandalism, the ability to actually reduce premiums incrementally by aggregating locations AND do it all on a monthly reporting basis so that you and your CPA can easily see the breakdown in coverage and premium for every location.