Your illustration should show 85-90% cash value to premium at the end of year one.

Other then that put owners manuals in a binder and pictures to illustrate how to work difficult equipment.

There is a pride that comes with knowing how to do a job and do it well, and you can't put a price on it.OP: I'm not picking on you, just using your post for illustration purposes.

This thread illustrates some of the differences in how things are done in different parts of the country. 

For illustration purposes, the majority of investors who post on BP will move the property that pencils as a true BRRRR to the front of the line over the better situated asset with better fundamentals merely because they receive 100% of their invested capital back as opposed to 90% (again numbers are merely to illustrate a point).

Buy out the company, sell all their real estate assets, lease it back through long term NNN leases, which often is more than what they paid for the company, and wind up paying nothing for the company.A recent article about Sears going into bankruptcy the second time illustrate this.

I really appreciate the example you've given me to illustrate your point.

@Michael Plaks Once again, illustrating that BP has got to start offering more reaction options beyond "vote!"  

It illustrates the difficulty that asset managers and decision makers at banks face when they're trying to liquidate a couple of hundred assets, each with its own market which requires a different course of action to maximize profits, decrease holding times, or whatever goals are most important.

So LP do get the advantage of these deductions to the degree they are used to offset rental income.Here are some numbers to illustrate:$100,000 rental income less $80,000 of expenses including depreciation leaves $20,000 profit.In this case the investors do benefit for the $80,000 in expenses and depreciation as they are only taxed on the $20,000 profit.On the other hand if the numbers are $100,000 rental income less $120,000 of expenses including depreciation for a $20,000 loss.As you note, the $20,000 loss is passive and can’t be used to offset W2 income.