Originally posted by @Kristen Twomey:What about Bonus Depreciation? 

Ex) Original build was estimated to be $500k, however during the build upgrades were selected such as windows, larger patio, upgraded floors, etc.Option A - Would you have the property reassessed after completion and use the new assessed value for cost basis? 

Answer is on the front end, buy-right, if buy-wrong, yeah, it's gonna be next to impossible or fully impossible all dependent upon how you bought.     

I suppose I don't have a better answer for your question other than the fact that I'm uneducated on the subject, so I do appreciate the information.

@Karen Tan this is a very difficult question to answer. 

Use the Bell in the upper right hand corner if you want to connect.To answer your question, if a Subject To loan gets called, you have 30 days to pay off the loan or the property can and probably will go into foreclosure.

This is my understanding but please help me to get a clear picture.Lets take $100,000 for the amount to be loaned out.1> Line of Credit (based on stock portfolios)- Lender says it will 0.5% origination fee ($500) one time cost- Lender says prime -MINUS 0.5 = 8.5-0.5%= 8% loan as of today.- No other fees or cost.

Although we now are using LVP, I have doubts it will hold up as well, but only time will answer that...VCT flooring can certainly be gouged or have other damage, BUT it is a solid material about 1/8th inch thick.

It’s hard to have a black/white answer for your question, because there are many variables.

So, I'll assume the answer to that question is yes.