Once I went into bankruptcy to retain our house, I was amazed to find that the one thing I could not liquidate was my timeshare: a luxury item which should be the first thing to go.

And, we aren't talking about a large dollar item here like a vehicle.If you take an asset out of service, you'll be looking at it's salvage value, market/book value less depreciation and reduce owner's equity accordingly.That's how I do it!

One addition I try and add is in the "green" category... after seeing too many useful items and unopened food in the dumpster, I started telling tenants about ways to give away items (addresses in town for goodwill/ Salvation Army/food banks and free cycle,etc).. 

Financial Data – I have created more detailed spreadsheets to model this out but here is a quick overview.Price: $150,000 (thats what I would probably offer the owner)Renovation: $525,000 (units) + $75,000 (miscellaneous items)Total Cost: $750,000Pro Forma Rent: $277,200Expenses: $138,600 (estimating 50%)Net: $138,600Cap: 18.48%Obviously the above numbers would be excellent.

The reason is the judge will say they had a right upon discovery of the items to investigate further but chose not to and close anyway.

When I re-read the AZ statutes two weeks ago, I too saw that new item "B" about counties with more than 3,000,000 people being allowed to pay sub-taxes at the same rate on liens bought from 2014 on (with no previous tax liens outstanding) and getting the same rate as the first lien.

I have no association with either of those.At the walk through, you should be looking for items that are more than normal wear and tear (broken items, dirty items, holes in walls, etc.).

What about the other missing items.

When they moved in a pool table and several other items they had problems

As it is, the items I learned from J.