When you BRRR a property, since you can get ones that are in really rough shape and need to be rehabbed, can you deduct and depreciate those expenses off your taxes or do you just eat the expense?  

Here are some considerations for commercial real estate:Higher Income Potential: Commercial properties often generate higher rental income compared to residential properties, especially in prime locations.Longer Leases: Commercial leases tend to be longer (5-10 years or more), providing more stable cash flow and less frequent turnover.Tenant Diversity: Depending on the property type, you can diversify your tenant base, spreading risk across multiple businesses or corporations.Market Dynamics: Commercial real estate can be more sensitive to economic cycles and local market conditions, requiring a deeper understanding of business trends and tenant industries.Purchasing: Generally, commercial real estate will require 20% down.Choosing Between the Two:When deciding between commercial and residential real estate, consider these factors:Investment Goals: Are you looking for steady rental income, long-term appreciation, or both?

Research local rental market trends for 3-bedroom, 2-bathroom homes to determine competitive rental rates and ensure they align with your financial goals.Consulting with local real estate professionals can provide valuable insights into market trends and potential challenges.

My train of thought was I wanted the original hardwood to be in decent shape when/if I sell this place.

@Connor GoldenInvesting in mid-term homes means you look at what people need, how much they'll pay, how often it's rented, how much homes cost, and what's trending.

Thank you @Zach Wain for your explanation when you think it's best to jump on a refinance. if rates trend another 50 to 100 basis points lower I'll look at a refi for surehow do you do a no cost refi?

Do you think it'll continue on an upward trend or do you think pricing and values are going to give a little and maybe plateau? 

The quick numbers are:PP: 81Rehab: 112 (~25 spent so far)ARV: 245-255The house is in rougher shape that we could tell when purchasing (it was a hoarder house with like 3 feet of stuff through the whole thing).

Chances are if you can pass/answer all of those, you will be in good shape.

Do the carpet and countertops, change the hardware on the cabinets if they are still in good shape.