Account Closed you should contact Richard Vernet at Winter Hill Bank.

@Mike Dymski  having been and worked for the 80s versions of modern day syndicators and having had a front row seat to the melt downs.. your exactly right it starts off very innocently.usually because they have so many investor in so many deals they don't want the word to get out that they have a bummer.... so lets just borrow from the reserve account of  Del Boca Vista Number 1 it will be short term loan we have the right to do it.. :)  then it just starts to go down hill.also many times these high flyers are very late to change their lifestyles.. and that adds to the cash flow stress.I mean I was totally stressed in those days I got wrapped up in a Civil rico with one of them..

Anastasia,to answer your question: the IRA account holder is in charge of making investments.

But I would make sure you take into account all expenses (taxes, insurance, property management, repairs, CapEx, etc.) to determine monthly cash flow.  

Leaving you with $130k cash in your account.

If you're borrowing rehab dollars, then the hard money lender will typically hold those in their own account and distribute them to you as draws after work is done.

Originally posted by Account Closed:Originally posted by @Jack B.

These type of items become part of the premises and are expected to have a serviceable life of several years ... as such they are capitalized.There is generally plenty of grey in the middle and that is where having an experienced accountant is beneficial.

Account Closed - There would be many commercial lenders willing to consider this. 

Do you have anything in your lease that specifically holds them accountable for plumbing clogs?