@Nate Pucel The depreciation basis for a rental property includes the purchase price plus the cost of renovations and improvements that add value or extend the property's life.

My strategy would then be to lease at least two of the renovated units, increasing occupancy to 90%, which could improve the chances of securing favorable terms for refinancing.I haven't pitched it to the seller yet.

We have our own design team, contractors, and real estate agency under one roof, which saves time, cuts costs, and improves communication across projects.

I would like if you ever need a licensed GC to do renovations/Tenant Improvement projects I have a group for that.  

We also have a huge budget allowance from the city over the next few years to improve public transportation measures within the city.

Months' supply, a key market balance indicator, is expected to improve from a 3.7 month average in 2024 to 4.1 months in 2025.

If enacted, these changes would bolster real estate valuations and enhance returns for investors.How Real Estate Outperforms Under Different ScenariosIf Interest Rates Rise (Higher Inflation):Treasuries: Medium- to long-term bonds lose value, potentially resulting in negative returns.Real Estate: Higher inflation leads to rent growth, boosting net operating income (NOI) and offsetting the impact of higher borrowing costs.If Interest Rates Fall (Cooling Economy):Treasuries: Bonds appreciate in value, improving returns.Real Estate: Lower rates drive cap rate compression, significantly increasing property valuations and returns for investors.Conclusion: Asymmetric Risk-Reward in Real EstateWhile Treasuries offer a safe haven, they also come with limited upside and potential interest rate risks for medium- to long-term maturities.

They stopped paying the lender and wanted to work something out with the lender but the time is running out (ie the management company did not do any significant improvement during the forbearance period) One of the LP just emailed me and said we need to raise 65k to enlist help from this company.

Are you a hands-on type that can make improvements to a home or prefer to contract out work?

My suggestion to improve your cash flow is to find another bank/lender.