., you shouldn't really improve the property during that time or IRS may become of beneficiary of your rehab work.

Try substituting free & clear property as the collateral...an excellent way to raise hundreds of thousands of dollars in tax-free cash to shore up reserves, add improvements, and/or (of course) acquire more well-located income producing real estate.

That basis has been affected by capital improvements and depreciation. 

(Looking to avoid emissions in CT as it is a diesel truck).Thank you in advance for any insight / advice with this

As is, the owner is rent rolling $2,000/m with just 2 units occupied and paying rent.She wants to hold on to the property and make capital improvements over time. 

In most companies The office management usually get the ax not the guy driving the delivery truck in a severe downturn .

You can hold it, it has positive cashflow4) Real estate allows you to create equity by rehabbing or improving the asset5) Real Estate cycles are local and not uniform across asset classes.

I even bought my tenant a $3,900 truck with no interest payments of $250/month.

The city of Allentown has seen a lot of growth over the last few years due to some Neighborhood Improvement Zone incentives.

Depending on the way things are now, there could be an opportunity to improve the listing with better photos, upgraded amenities and a refresh.