The roof is 5-7 years old and the foundation was updated 5-7 years ago so the big stuff is already taken care of.

Will update as I hear. 

However, note that claiming additional depreciation will increase, not decrease, depreciation recapture tax (up to 25%) when you sell.Key Considerations (Updated for 2025):1.

That's the strategy I have been aiming towards.

Got new update, nothing encouraging.

Aiming for larger properties on your first deal (100+ units) is definitely very ambitious. 

kitchen update, driveway improvement What was the outcome?

Those property use codes may come in handy for other purposes, such as when my municipality is aiming to ban STRs.  

My biggest aim is to ensure that my long-term success aligns with whoever I invest with's long-term success instead of making their money on the upfront sale and leaving me on my own. 

If I can find a property that just needs cosmetic updates, covers its expenses, and leaves a little extra, I’m interested.