Account Closed  I agree with your assessment, though the white-hot market area extends beyond RT 128!

According to tenants, O'Hare is extending very close to this business very soon with in one or two years and these plans are already final. 

Whether you claim the depreciation expense or not federal tax law REQUIRES you to adjust the tax basis of your property for all depreciation "allowed or allowable".As I explain it to my clients: The IRS is extending you a bowl of money and saying "you can take some if you want, however, whether or not you take any, we are going to tax you as if you have taken it."

haha.I understand north of Michigan st is highly desirable but didn't know it extended that far south.

My EMD is 5k and will be locked in on Friday 4/7 ( I extended the inspection period.)

Naturally, I could charge higher to the end user (home owner).With all the hoo-hah over chlorinated refrigerants (there's no such thing as "freon" - that's a DuPont tradename) you're more eco-friendly if you have the chance to replace older systems.As a rental owner, you can reduce your long-run costs by replacing older systems as they fail.As a fix-and-flipper / rehabber you can get higher resale prices if you replace an older system.If you're planning what some have suggested - not replacing the condensing (outside) unit - expect them to fail during the next hot spell or extended period of high humidity.

Also an option to extend the owner financing after the 5 years if mutually agreed to. 

My only observation, as a kitchen-gadg-aholic, I would have liked the upper cabinets to extend to the ceiling.  

I tried to extend the interest only loan and was informed we are unable due to the lien.

      Hi All,I know a lot of people on this site have give me a lot of help over the last few months in regards to a problem tenant who would not pay his rent unless I extended his lease (along with many other lease violations) Thank you to you all who have helped so much with some great advice and options!