I usually roll my eyes at preachy posts but this is pretty good.

Hey guys, I was checking out the owner of a property I had my eye on and found the property owner to be Kaja Holdings 2 LLC and googled them.

Congrats  and keep you eye  on  refinancing  options  in the  future to improve on the mortgage  terms

That can make you look at it from the eyes of a residential buyer and not an investor. 3.6k income with PITI of 3.9k is already under water not accounting for vacancy, repairs, and cap ex.

Slowly but surely my eyes are awakening to the many avenues in RE.I suggest ignore the various "cast's" of any kind and start at foundational elements.

So I went out to the property this weekend to get eyes on the property as they told me the tenants are not at the property.

It's about keeping your eyes peeled and finding that great deal!

Agreements that run with the land are binding on future owners, and typically consist of things like easements, leases, covenants, and so forth.

So that's not a big enough difference in our eyes, and the opportunity cost of the 6-figure cost to rehab the basement is not worth the returns.

If all further work must be classified as either a "repair" or "improvement", then that would imply that there can indeed be "repairs" to a property that has not yet been rented in the eyes of the IRS.