When we create our business plan, we also include our exit plan.We'll only proceed if we can clean this up, acquire new tenants at higher rents so we can increase our NOI, which in turn should reflect our cap rate and profits.Since this asset class is new to us we will tread cautiously.Scheduled to preview tomorrow. 

I live in a very desirably town in upstate NY, refinanced at a super low rate, so will keep the house as a rental.

I always run the numbers with long term rental rates.

But when the interest rates started going up about the same time the fed start raising its rate, new construction came to a screeching halt.

The rate the intelligence is growing is out of this world.

Are $300/squares for GAF HDZ good rates.

Vacancy rate, insurances taxes, interest rate, repairs and maintenance.

Also, consider builder incentives like rate buy-downs or upgrades if they’re not open to price negotiations.

Most times landlords don't have data or cannot adequately factor in vacancy time or turnover rate.

It gets complicated if you use a HELOC towards two separate projects as you would need to pro-rate the interest across the two projects.However, the answer would be yes, they would be deductible.