If it's worth $1.3 million today, it will be worth $3 million or more in 20 years, you'll have paid off the debt (or most of it), you'll earn at least $3 million in cash flow over those 20 years, and you'll have tax benefits.

In the end, it may be the same amount of money or more, but it will just have to be structured differently as you navigate the shifting market.Northwest Valley would be a good option. 

I immediately got home and created a laminated note about the unique local bakery, which bakes the best croissant I have ever tasted, including the croissant I had in Paris, just around the corner of the Airbnb listing.

Quote from @Michael Overall:I understand the utilities will go to basis, on the interest is it able to be yearly deducted based off the conversation you referenced if using form 4952According to one of my colleagues on that thread - yes.According to court - no.

Purchase price: $270,000 Cash invested: $54,000 A multi-family upper/lower duplex in Ankeny found off-market during COVID.

If you are not well capitalized, meaning you can not pay off the loan if called, stay away from sub to.  

Do I rip the bandaid off and get Ethan Allen or Bassett?

With a full gut like this, I’d rather overestimate than get caught off guard mid-project.

For cash flow, I'd recommend checking out the Triad (Greensboro, Winston-Salem, High Point) or Fayetteville in NC and Sumter and Florence in SC. 

A large number of the homes were unofficially converted into duplexes in the 90s/00s (though kept as SF in the official zoning).