This extra year gives property owners more time to schedule inspections and make necessary repairs.Key Points:Applies to multifamily properties with three or more units.Covers balconies, decks, and elevated elements made of wood or similar materials.Inspections must be completed by licensed professionals and repeated every six years.Hazards identified must be repaired promptly.With the extension, now’s the time to plan ahead.

Typically the more extensive the rehab the higher the value add.  

I would recommend planning for some unexpected costs on an extensive rehab like this, especially if the current tenant didn't treat the house well.

I hope to never need the umbrella insurance, but it provides peace of mind that I have extensive coverage.  

I can tell you with certainty, we have gone through several extensive IRS audits without any changes to our KBKG Residential Cost Segregator reports. 

Preparation is key, and relationships are everything.When closing a property deal, the funds typically required include a purchase deposit, which is refundable during the due diligence period, and an additional nonrefundable extension deposit.

I’m not sure what sort of extensive “due diligence” you did but clearly you didn’t.

For syndicates with loan maturities after 2030, they even have a shot at making a positive return, and perhaps even a decent one considering what they've endured to get there.Kicking the can down the road:  Owners and syndicators hoping they can kick the can down the road by negotiating loan maturity extensions are likely to be disappointed. 

We took out a HELOC on the property a few years back to do some extensive repairs and we've just now got what we owe on the HELOC paid off

Partner Driven identified the Bayport Dr property through our extensive network and partnerships.