The IRS expects your cost seg report to be "factually intensive", "supported by corroborating evidence" and performed by a "qualified individual.”

If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.DSCR lenders generally let you vest either individually or as an LLC.

You could bring in your expertise while they provide the funds.Seller Financing: Depending on the seller’s situation, they may be willing to finance part of the purchase, which can ease the burden of upfront costs.Private Investors: If you have a good network, you might find individuals who are interested in investing in your project.

Once I start getting applications returned to me I set up showings, both individually and usually 1-2 open house style options.

Overall, real estate values went up as supply was further constrained by the event, but a lot of individuals paid dearly.

Taking advice from someone with a financial BIAS is dangerous to your financial health, unless you know that individual to be “above” short term personal gain and strictly in for long term relationships and reputation.  

Every market is different, skills are different, location matters, proper due diligence matters and your individual lifestyle even matters.There are millionaires who live very humble lives and you would never know they were wealthy. 

There are also a ton of apartments competing with you in the same area that can do so many things to get tenants that are impossible as an individual owner, like giving 1-2 months free rent.   

For example, some of the property might even be eligible for bonus depreciation, but whether or not you use it depends on your short- and long-term strategy and individual needs.

My journey in real estate began several years ago, driven by a passion for helping individuals find their dream homes and making sound investment decisions.I specialize in residential properties, focusing on both buying and selling, as well as identifying lucrative investment opportunities.