Hello - this may be a newbie question but from reading the various articles on BP and Investopedia, my understanding is that Net Operating Income (NOI) is defined as operating expenses required to run and maintain the property but excludes Loan Payments, Capital Expenditures, Depreciation, and Amortization.The IRS has recently raised the Tangible Property Expensing threshold to $2,500 (from $500 previously) per item so if you took advantage of this change, wouldn't it decrease your NOI since you can expense smaller capital items as repairs & maintenance instead of capitalizing and then depreciating them over time?  

You could always save up 20% and get a traditional mortgage, or save up 5% down conventional loan and buy your property to live in for a year, then convert to a rental after 12 months (least risk), then repeat.

While natural gas is perhaps "cleaner" burning than other tradition fuels used for electricity generation and heating, anything that you burn, produces greenhouse gases.   

Also looking around colleges where there is a steady stream of renters.I'm not looking to put any more in the property than normal wear and tear items, carpet, paint, minor repairs.

Question: did you purchase the property through a traditional loan?

You can ask them for an itemized pay off at this point.  

Banks and traditional lenders will likely balk, but there are alternative lenders who will look past your BK.  

I've always thought seller financing was a good option in place of traditional bank loans but I'm not really seeing a benefit after looking into it.

Ask them if they do any real estate investing themselves or if they have experience on creative/non-traditional financing.

All in these items are respectively $8,200 septic and $6,000 for the water.I'm tapped out...