The only cost the deal needs to absorb that's relevant is the interest, and even that is really just the delta between the actual interest paid and the tax savings on that interest on your federal return. 

Eviction process should be started...whether that's the end game or not...

Hi,As a cabinet distributor, I have never found that replacing doors are cost effective.

This may inherently allow an allowable offset of PAL, when ordinarily the cost seg depreciation would be subject to some possible suspensions.

That negotiation with cost participation, or their funding of the project should begin with them.    

Collin County seems to be over price, the same than Denton County, though you could find some deals there is always a challenge to find the right one.One thing to take in mind is the maintenance cost, Fort Worth has older houses that will cause issues on the maintenance, if you are looking low maintenance you will need to look a few and identify how you fell comfortable.

If you're expecting to lose $250 a month from the get go without calculating all the other costs associated with renting a unit, its going to be a big time loser.Remember, cash flow is always king!

This isn't Nike and Michael Jordan and paying the NBA per game fine for having too much color on your shoes... this is pretty serious stuff.Unfortunate, for sure.

He said, "I know it doesn't cash flow - but I just want in the game!"  

I will hold the mortgage, but we will split all costs, form an LLC, and be joint owners of the LLC.