When the unit is vacant is an ideal time to address issues because its easy to work on and isn't impacting a tenant.

For one, your debt to income ratio will be impacted negatively because this loan will still show up as an expense on your credit report, affecting your ability to get another loan.

What's being ignored is that when a sponsor has a property or properties that are foreclosed on, it can have an impact on their remaining portfolio even if those properties remain solvent.

And it also then showed the average revenue impact of each amenity.

Raising rents even $10 per unit has a large impact on the analysis. 

You may want to request the construction drawings / plans for the utilities that were installed to help better understand their impact to your property. 

Your FICO will not only impact your rate but also the max LTV that will be available to you.

Credit seems so unfair, it's some mystery algorithm that impacts our life so significantly, oh and they can sell our data, and ++we're required to use it to operate in society!

Generally, maintenance supplies like paint are categorized as supplies, while light fixtures can sometimes be categorized as assets if they are permanently installed.Fencing, Lumber for deck remodel, Roof replacement: These are typically considered assets because they are substantial improvements to the property that enhance its value and longevity.In terms of tax implications, categorizing expenses correctly can impact how they are treated for depreciation or immediate expensing under tax laws.

However, they quickly realize that condo fees can significantly impact profitability.