It also saves you some costs, which is helpful when you’re just starting.

Figuring out the true cost will heavily depend on the type of dig down, depth, and total square footage. 

Not going to give here a lecture on S-corps, but take my word: no benefits, only extra hassle and extra cost, such as preparing another tax return.

Given that the property was worth $390K in its current condition, I saw an opportunity to make the numbers work while keeping my upfront costs low.Instead of increasing my cash offer, I negotiated a $25K down payment with the seller carrying the balance for two years through owner financing.

There is no reason to be overly critical.

How much did the rehab cost and how long did it take to complete?

I think that's one of the reasons that I didn't post very much on BIggerPockets, it's because I was just trying to keep my head above water.But now it's 2025 and things are stabilizing and I have a much more positive outlook on the future.Let me know if any of you had a couple of difficult years recently and how you were able to turn it around if you did.

Completely eliminated noise complaints from the lower level and reduced utility costs.

Dwelling (Building coverage)The limit should be based on the Replacement Cost of the building (cost to rebuild withthe same kind and quality excluding the foundation)2.

It seems like a reasonable approach, but as you say, we'll have to wait to see what the final version of the law (if it indeed becomes a law) looks like, then figure out if a European corporation with third country investors is a reasonable solution.