If you have a fixed amount of cash you can use it in multiple ways to increase cash flow consider the following ways to invest 150K1) 150K in savings account yields about $1200 per year in interest assuming you find good accounts, in this scenario cash flow is $100 per month2) $150K used to buy a single property for cash.

Originally posted by Account Closed:Peter- without actually calling the Syracuse city finance department it would be difficult to know exactly what the sellers star credit is.

If you look at the first picture there is a Vacancy & Credit Allowance just under the Total Gross Income and I've accounted for a 10% loss.

Whether that is treated as boot that is depreciation recap or boot that is taxable as gain is accountant by accountant. 

My Delaware LLC has a CA bank account attached to it and all three partners are in CA.

I am not a CPA, so check with yours first, but I believe you are able to file a forms 3115 and 481a (change of method of accounting) which allow you to claim previous year's depreciation without actually amending previous years tax returns. 

And the note assumed by them would reduce the cash into the exchange account. 

We just got one at US Bank.  4.75% with a checking account. 

Account Closed  Can you look at things through a different lens ?  

If you have had the same job since high school I'm going to assume that you have direct deposit as well as a savings account somewhere.