Besides, the Pergamon Museum, the Federal Intelligence Service (BND), have also been massively mismanaged in their developments.Is Berlin Real Estate a Bubble?

I did not live in the property for 24 months but was wondering though if I used the Service, intelligence, and Peace Corps Personnel(Publication 523) to suspend the 5 year test period and disregard the 5 plus years it was rented out.

(If you assume 24 mth average tenancy, and an average turn cost $800--contracted out, turn maintenance would be $400/unit/year).So if units rents for $12,000/yr, then you'd have: $360 repairs (at 3% of rents), $350 reserves, and $400 turn, totaling just north of 9% of GPR.I don't any intelligent investor is going to assume anything less, not to say there aren't some unintelligent investors out there.

As others have mentioned above there are other options and the whole project needs to be evaluated along with your PFS and the overall collateral to speak intelligently about your specific scenario.  

This is not a commentary on anyone's intelligence, but on experienceSecond - stumbling blocks and stepping stones look a lot alike...the problem is that most people learn which is which by stepping on one. 

@Joe Demonte Think HIRE education, not HIGHER education.What you need now are intelligence and the right education (money helps, too, but we are limiting the scope here :)You've probably got the intelligence.  

I don't really have enough knowledge about financing to sit here and discuss it intelligently, except to ask for information. 

What is the way that I can best utilize my renovation timeline in respect to closing as well as my cost segregation to where I can then write off 35% of the renovation cost.Thanks so much in advance.Hi Duke.Certainly a reasonable and intelligent question- but just not for this podium.

Additionally, it will enable you to speak intelligently with those who do have degrees.From personal experience, college does help.

You gather "intelligence" in your area.I doubt my target market would really be on the internet searching for an agent, they would search for properties.