They'll want to know these things, and you don't want to be on the clock while you're figuring them out.I'm also curious, what attracted you to the south side of town?

Additionally, since the current economic problems cause by COVID-19 are expected to produce lower income in 2020 than in 2019, the law provides that a taxpayer can elect to use the 2019 Adjusted Taxable Income in place of 2020.BONUS DEPRECIATION FOR QUALIFIED IMPROVEMENT PROPERTY (QIP)The CARES Act cures a legislative error under the TCJA and provides that the costs for Qualified Improvement Property are eligible for bonus depreciation.

Once things come back, I expect small office demand will still exist and at an attractive rental rate compared to the sale price. 

There’s a lot out there and Davidson County’s diverse properties reflect the diverse pool of people it’s attracted as the city’s grown. 

Do your investments produce this or do you need to hold back $23K of the distributed amount and have only $77K to invest? 

Paying off 1999 debt with 1999 dollars just locks your money into a vehicle that produces no income. 

The seller's current mortgage terms are more attractive than hard money terms, providing us more runway to carry the property if necessary.

I would say you have at least a moral obligation to the community to prevent an attractive nuisance at best and a serious degradation of the neighborhood at worst.

They start looking into real estate, trying to find an income producing asset to increase their wealth.

Municipal bonds are particularly attractive due to the tax advantages.That should be plenty of liquidity.