Have the attorney look at the suit as to the nature of the claims.The priority of liens depends on state law and the nature of the lien, while a first mortgage usually has priority they could be government claims, taxes and fines that could take priority.

Like you said - you don't know what you don't know, so just keep hanging out, learning, and before long it will be second nature to you!

My explanation of our family's "conservative nature" and low debt was my way of mitigating that additional risk associated with RE when deciding between the two.

I naturally stopped by and talked with the owner who is elderly and disabled.

Depletion is much like depreciation but it is not the same.Everything you listed are improvements to land, including the wire running under the paved parking lot to the light poles.Land is the dirt, it is never under any circumstance depreciated.What is mentioned above is the lease being subject of depreciation, not the dirt.There is only depreciation or depletion under tax code, it is the nature of the tax beast, it is an economical concept as to devaluing an asset arising from it's use which may or may not be a financial limitation or reduction, but done to illustrate the lesser of utility of improvements.:)

In our town the tenant will be chased for unpaid electricity, natural gas and telecommunication services.

In Michigan, they have discovered huge pockets of natural gas two miles down.

Placing the blame on the stated income loan products is like saying a vicious dog is at fault for biting someone, when really it’s the abusive owner of the dog who is at fault.

I'm trying to do some pre-work so the $ I spend on my time with the CPA is as productive as possible.

So the 401k loan amount would be for $21,100.Naturally I would be under 78% in month 127.