I almost gave up on the deal because it was impacting our relationship. 

If the borrower goes delinquent or defaults there is a direct impact on the investor.  

It sounds like you've got some clean up to on your tax reporting and you need to look at the impact of not taking the allowed depreciation.  

I became permanently, totally disabled from 26 years of Federal service in January of 2007.

Does it impact your strategy?

Yes, there are full-time residents, but this is a very important impact on the economy.(2)  The cities are heavily tourism dominated. 

etc) America's troubled economy with 1/3 population permanently unemployed, many tenants get their landlord cited for violations (ie, any and all work without permit which nowadays thanks to DIYers, seems to me in this area at least, most every home has some level of work ie, DIY electrical work, decks, summer kitchens, etra beds/baths, etc for which a permit was never pulled.enter multi-level lease holdover! 

Hence the negative interest rates (something economists long thought practically impossible) in Europe.Interest rates are likely to be almost permanently (if you define that as say, the next 10-20 years) lower than historical norms.In addition to that, as of December 2014 US Household formation was at 2Million per year.

The impact is only apparent in an analysis of the cash on cash return.  

Pools seem to be quite popular right now...Kristine Marie Poe - I suppose you are right in saying that the magnitude and volume have an impact on this conversation.