I’ve seen people use their portfolio as proof of concept when approaching private lenders or JV partners, too.If it ever helps to talk through ideas or explore next steps, always open to continue the convo.

Furthermore, you have to account for when payments are made out of the escrow balance such as when real estate taxes or insurance are paid.The best solution that I found is finding the details as the end of the year such as interest paid, end of year principal balance, escrow balance, taxes paid, insurance paid.If you have all that, you can do a year end journal entry to reconcile everything.Best of luck!

Yes, I'm familiar with them in concept.

Originating new loans is somewhat easier however same concepts apply.. 

If the TVM concept going to play a part in evaluating when to use accelerated depreciation in the future?

Buying the property right, renovating it as a SF with open concept design, and leaving some cash in the deal is probably the best plan, but I'm not in your market and don't know any of the numbers. 

Maybe they want to sale but not as motivated, it's an interesting dynamic.Never like to be the guy to blame the market, so the advice and concepts presented Ill take ownership of and measure accountability of that.

I think a lot of people who are not in/from the mountains have no concept of how far and how tough a drive some of these places are from anywhere anyone would want to be. 

You're in a great position now with proof of concept under your belt.

@Nick Wu appreciate your concept and wish MORE owners embraced it instead of penny-pinching their PMCs.