Can someone help with the meanings on these three terms?

Third, any payments made towards the property out of your pocket, is a cost to you. 

My name is Helen and I am new to Bigger Pockets. 

Instead of just jumping in and getting started, I feel the need to figure out every single detail and play it out in my mind before moving forward.The Bigger Pockets community seems like a vital asset to getting started in the real estate investing world.

Bigger Pockets Podcast is an AMAZING resource.

I’ve used Kitchen Cabinet Kings (online) three times for flips I’ve done in Cape Coral and Fort Myers.

I have three more appraisals for siding in the next week.

I had a great conversation with @Kay Kay Singh today about the depreciation of gas stations, and thought I would share some relevant information regarding the tax laws for the general benefit of the BP community.Gas Stations (or 'retail motor fuels outlets' as they're called by the IRS) are depreciated over 15 years, and not 39 years like almost all other commercial properties.If any one of the following three criteria are met: It is not larger than 1,400 square feet. 50% or more of the gross revenues generated from the property are derived from petroleum sales. 50% or more of the floor space in the property is devoted to petroleum marketing sales.Here is the link to the IRS publication on this subject where the above words were take from.

For example, I was thinking maybe I should wait to have people sign any kind of lease until the summer so I don't have all three units turning over in November (not the best rental season).Thanks everyone and thanks to the BP community for inspiring me to take the plunge!

@Wayne Brooks Which do you think will get better results here... 1) Owner does nothing OR 2) Owner alerts deep pocket lender that their investment may be in jeopardy, and whyIf the initial scare from the attorney letter to the adjacent owner doesn't resolve this, the issue might still be resolved by a lenders title insurance claim.