Congratulations on your progress! 

Bonus depreciation is available  for property with a recovery period of 20 years or less, which could be identified by a cost segregation study.

@Thomas Sullivan Well, at least your note provides for recovery of attorneys fees and costs.

As I push through the recovery stage I want to keep the property safe so I've put security cameras into my numbers.But, what about security systems in the apartments.Hypothetically a safer unit attracts a higher level tenant, or I completely crossed into the funny farm?

Bad contractors often have different stages of progress in every room, which wastes a lot of time and money.

Are you actually making any progress on your principal? 

Please keep us updated on your progress. 

Do your own reporting on progress once a week and have your contractor provide a report once a week. 

Thus, the lender is not entitled to insurance proceeds payable for prepurchase damage to the property, prepurchase net rent proceeds, or damages for waste, because the lender’s only interest in the property, the repayment of its debt, has been satisfied, and any further payment would result in a double recovery.

Keep me updated on your progress!