The property had a large amount of deferred maintenance.

Thanks Chris, better to take this discussion offline, yes tech company but when sponsors want to present to Avestor fund managers , a key requirement is that they have to provide enough margins so that investors don't get a better deal if they go directly with sponsor. 

However, it presents challenges like time, complexity, capital tied up, and loan-to-value considerations.

Make sure to present detailed and transparent deals, emphasizing the benefits and exit strategies.

However, some rental property owners can claim the 26% solar tax credit if they live in the property for part of the year and use the house as a rental when they're not present.

It’s extremely powerful to compound your earnings, which means you want to legally minimize or defer your tax payments as much as possible.

Just make sure if the opportunity presents itself, if rates go down to 5% or lower, jump on it. 

However, the inspector mentioned that the 2nd and 3rd floors are labeled as "Artist Dwellings," though he wasn’t sure what that fully entails.He suggested applying for a special permit to present the space as artist studios or dwellings, with the hope of eventually converting them into long-term rental (LTR) apartments under that designation.

@John Bertolonfollow the requirements of your leases and local lawthere may be deferred maintenance if this is a new acquisitionif you don't want to deal with it yourself hire a PMgood luck

I appreciate your data, your consideration of all of the issues, your capacity to be self-reflective and recognize the imperfect choice of the far better plans and proposals, your professionalism with presenting your perspective and your willingness to share your point of view.