They may sell in a few years when interest rates drop or keep it longer term as cash flow on the property improves!

The loan does need to be secured by the property being improved if we are talking about a personal residence and personal itemized deductions on Schedule A.

The only think I hear about hers is it is difficult to have work performed on it by a contractor.

Property ClassProperties are categorized by class, impacting their quality, condition, and investment profile:Class A: High-end, newly built, prime locations, attractive to institutional investors.Class B: Good quality, older than Class A, with minor deferred maintenance.Class C: Older properties with dated amenities, but value-add opportunities exist.Class D: Distressed properties in less desirable locations with high risks but potential for significant improvement.4.

And I would like to stretch it out longer to improve cash flow.

Utility improvements.

Clear opportunity for improvement How did you find this deal and how did you negotiate it?

I appreciate the insight that you and John offered regarding the lack of value in the business itself and strictly the land + improvements.

In the past 10 years, Ocala has greatly improved the employment base, adding tons of logistics and distribution jobs on top of the medical, service and equestrian jobs that we have always had. 

Most tools give you a glimpse of past performance.