/Have you been inside the property and walked it to do a full estimate of costs?

Also, as I prepare for estimates, would be helpful to know where my in year deductions actually are.  

Repairing to sell might recoup some costs, but given the market and your limited funds, selling “as-is” is likely the best option to minimize further losses.

Question: assuming an ideal brrrr that has all investment extracted at the refinance, why would you choose a low cost market over a high cost market?

You can later transfer the property to the LLC, but be aware it might trigger due-on-sale clauses or additional costs.

I am planning to get into the TN real estate market as my first investment and am looking for some information.In particular: Areas to steer clear of, property management fees, typical cosmetic rehab costs, etc.My strategy is to put large down payments on 2 properties (relative to housing prices) to help pay for my living in NY while still gaining appreciation in a growing real estate market.

Getting some firmer estimates tomorrow! 

This helps determine if I would be responsible for covering those costs.

There will be a huge gap between coverages and replacement costs. - Renters are majority uninsured. - In September 2024 the FAIR Plan had $6B in exposure to the Palisades alone.

I would ask...Are carrying costs a problem moving forward?