The best house he looked at was itself was in good condition, but the house next door which wasn't shown in the web photos was boarded up and looked like it had been vacant for years. 

You didn't talk about condition of the property.

This approach will allow us to increase occupancy while minimizing additional expenditures and ensure a better overall condition for prospective tenants.Strategic Plan: Sale of the x ApartmentsOnce the sale of the x Apartments is complete, we will retain ownership of 7 units within our portfolio.

Last week I received a letter from my insurance company stating they were going to discontinue my policy due to the current condition of the property (missing siding) and due to the fact that I am not currently living there (which is not true).I contacted my insurance broker and due to the fact my current insurance company disclosed the cancellation, they could not find another company that would insure the property.I just filed a dispute with the state.

Poor condition or bad location and therefore not marketable to quality and respectful tenants? 

I've typically asked my agent to pull comps in the area and then look VERY closely at their condition and sales price.

No, you generally cannot use K-1 losses from syndication, whether as a General Partner (GP) or Limited Partner (LP), to offset your W-2 income unless you meet certain conditions.

@Matthew NewsomHouse hacking is a viable strategy for generating cash flow in 2024, but success depends on market conditions, financing terms, property type, and rental demand.

When rehab is done and the project is market-ready, you can either sell it or hold/refinance with long-term DSCR financing based on the market rental income on the post-rehab condition.

Under MD law they would be responsible for the costs of those improvements and would be responsible for restoring it to the original condition at the end of their lease.