I am aware of the other depreciation such as the sold unit itself and any other depreciable assets.I used the flooring as an example to keep it simple as providing too much information for a simple question tends to get too far off the answer. ;-)

Typically forexlosures are worth a lot less than appraised value especially if vacant because amount of repairs can easily be six figures

Back then, prices were much better, and turnkey marketers could make a decent fee.As prices increased, many turnkey providers had to move to less desirable areas (I know people are always looking blame other people but in reality blame it on yourself for being the investors that picked bad areas and did not do due-diligence and buy assets where the numbers worked with 10-20% economic vacancy), and now that gap has essentially disappeared.

Our pass throughs that hold each individual entity/property flow up into that parent company which provides multiple layers of protection. 

For example, I have small two teir rolling cart in the movie room/game room that provide extra space for drinks, glasses and ice, etc.

cash and private money JV How did you add value to the deal?

Purchased for $200,000 with a same-day resale value of $233,000, the property offered excellent returns.

Someone coming for usually 30-90 days from out of town doesn't want to go through the hassle of figuring out who the providers are, starting service, stopping service, etc.

Glad to see you are active on BP and continuing your education and learning in addition to the resources provided with FlipSystem.

Trying to explore if there are still pockets in Nova where the returns make sense, given the high prices.