You could look at doing a cost seg pre-renovation and post-renovation to be sure you capture the maximum deductions for the initial purchase and for the upgrades both.

Initial cash flow has a poor correlation with achieved cash flow over a long hold.  

The restaurant I initially went to was accepting no walk ups.  

It is baked into the overall loss passed from the syndication to investors in the initial years.

Tankless WH cost has dropped significantly, they tend to last longer and are less prone to leaks but the initial switch might require upgrading the gas line with potential higher installation price tag.

From what I’ve read recently in the Wall Street Journal, the IRS doesn’t seem too picky about who manages the property initially.. what matters is that it’s actively being rented out.Now for Question 2, the key part to keep in mind is whether you hit that 100-hour rule in terms of participation for 2025.

At least that was my initial thought process anyway. 

Additionally, you have to be disciplined to spend less than you save and keep in mind that you're paying I/O on the principal balance v/s chunking down principal, albeit minimal in the initial years, which goes against the Dodd-Frank rule for qualified mortgages for homeowners

My initial thought when reading this was to filter MLS search by "Expireds" and another list of homes that sold over 10+ years ago. 

Upon noticing this, I rightfully initiated a chargeback for these unjustified expenses.The situation worsened when I reached out to LaunchControl for resolution.