And if I sell the agreement to a flipper, should I add/adjust the cost too?  

You have some very interesting possibilities to eliminate a great deal of the tax on profit and defer the remainder.In your immediate situation you will pay tax on the difference of your basis as determined by your cpa when you bought the property and the selling price with any adjustments for capital improvements or untaken expenses.  

That is, both are set and cannot adjusted: buying movies, etc.  

They have offered a 10 year term with a 30 year amortization fixed at five years at 4.875% adjusted to the 5 year LIBOR swap plus 3.0% with a floor of 4.375%.The property is fully rented grossing $6,300 per month.

We are not sure what we should do and will have to adjust our policy as it does not cover missing information as we have never had this occur before. 

I would just like to copy one and adjust the parts I need to fit me.

Just being able to ask questions to one another, the teacher, plus the fellowship made the intensive 2 week class well worth it.

Are we talking a lot of $$is there maybe somewhere in the middle, like keep property as-is, but make a slight upwards adjustment in rent.  

I seek to learn if they would do a downward adjustment if learning of a Meth abatement.

This helps us get a feel for demand before the property even becomes vacant.Then, we monitor activity and make adjustments.