Though I am not a paid member of BP, I do follow along with what is happening in the Texas real estate market.When you take your time and perform quality due diligence, you will win many more than you loose.Keep up the good posts on BP.

I am probably more interested in non-performing purchased at a discount, so I can fix it and sell the note.  

Often that type of clause will state a specific amount that the tenant must pay to break the lease, instead confusing it with the security deposit.If you tell a tenant that you intend not to return the security deposit if a tenant breaks their lease, then there is less incentive for the tenant to perform well on any other term of their rental agreement for the remainder of time they are in your unit.I would be careful not to confuse the matter by using a security deposit in this way.

However; that puts the seller of the property at a huge risk should you be unable to perform and finish the construction on time, within budget, and value be what you think it is going to be.

The seller would likely  have to foreclose to get control of the property back if the buyer did not perform and that money would be out of pocket and not in the 10% down.Another option is the buyer puts down 15%, the bank loans 75%, and the seller takes back a 10% second.

The bonus depreciation percentage is based upon the purchase date/placed in service date rather than the year in which you have the cost seg study performed. 

Nevertheless, past performance can be used as a guide to reasonably predict future sales, as the seasonal nature of travel is fairly consistent.

In Downtown Newark, there is the Museum of Art, New Jersey Devils Arena, New Jersey Institute of Technology, Audible Headquarters, Rutgers Business School, Seton Hall Law School, New Jersey Performing Arts Center, and throughout the years this location will only continue to improve! 

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – and they often select the first PMC they call!

We manage buildings from 1 to 40+ units and have a by-the-apartment entry for whatever a tenant pays, maintenance is performed, etc.