Quote from @Brandon Ja: Caleb, Bryan thank both of you for your input.  

I would tell folks at the time with 30k brand new homes that Lehigh was probably one of the cheapest places in US if not the world to live everything considered US medical and fire and police etc etc and no state income tax.So here we are today de ja vu all over again with hundreds of investors stuck with half built houses and a the vast majority of all these were spec for rental purposes not to live in..

I spent quite a bit of time in the Jackson area playing MRA, JA and Prep back in the day.

@Brandon Ja - The standard answer here is to check with your CPA, but from my standpoint expenses that add longevity and functionality to an existing property (including adding square footage) would make that a capital expenditure that can be depreciated over time.

@Brandon Ja, I am somewhat along the lines of @Stuart Udis with how I approach things.

Quote from @Brandon Ja: Thanks for the input, Noah.  

Quote from @Tim J.: A partner and I own a 6 unit in Barre VT. 

The likelihood of all of these occurring is low in a typical subject-to transaction. its why way back in our day we did these with wraps CA has a debt instrument called an All inclusive Deed of Trust it wraps the orginal mortgage it is a second in function my dad had a company called CA wrap back in the day and did hundreds of them.. its de ja vu all over again.. he did this during the Carter interest rate spikes just like sub too is now coming to light in a big way because of interest rate spikes.. 

Quote from @Ned J.: A LL is responsible for any repairs or upgrades that are NEEDED..... the debate becomes is this work is NEEDED....

. - JA