It's not the data or the asset classes; it's you.You are often your biggest roadblock.Considering this and looking at your journey differently, you can break the stalemate.If you are new and want advice, you must be open to ALL advice, not just the kind that supports your first idea or asset class.

[WEBSITE REMOVED] has the direct Asset manager contacts. they give you name, email, and direct phone to the AMs at 51 different companies.

Banks are getting tighter and may have unperforming assets, so they are looking at their portfolios and becoming more picky, for lack of a better word.When the economy is ripping, banks loosen criteria.

*Asset Managers manage foreclosed (past tense), not foreclosure (Pending sale/auction) properties.

Also the majority of those costs to covnert to a 2nd unit will need to be capitalized and depreciated, but some things (new appliances, flooring, paint, kitchen cabinets) can be shorter year assets vs. across the full 27.5 and IF it turns out that unit is > 50% you can use bonus as well on those items.

The LLC in this case is more just asset protection and not having your direct name listed on the county tax record.

Selling some property to pay down high-interest debt is good, but also consider looking into ways to refinance or leverage your existing assets for better cash flow.

Do you have any other income producing assets? 

Part of the receiver’s job is to locate any assets and preserve what’s left for creditors.Van Gundy sought bankruptcy liquidation April 27, listing about $1.6 million in assets and almost $353,000 in liabilities.

Someone I know bought a ranch to use as a short term rental property in 2021 for $1.7 million.Engineers did a virtual site visit, they were able to assign a value of $347,000 to either 5-7-15 year assets that were eligible for depreciation.In 2021, the bonus depreciation amount that you could take was 100%.This means that the owner could immediately deduct the full amount of eligible property in the year it was placed in service, rather than depreciating it over time.With that in mind, he took the full $347K deduction in his FIRST YEAR of ownership to offset taxable income from rentals.This was roughly ~20% of his purchase price.It was a big win for him.In 2024, the bonus depreciation rate is 60% so the calculation would be different.That said, you can still save and defer a ton.