I created COGS accounts to match the line items on IRS form 8825 to keep it simple but most of my transactions so far don’t seem to align with them (things like tool purchases, furniture and light fixtures, and a wall divider capital project).4. ...

(I do not want to do AirBnb) So I'm okay with even paying a few hundred a month if its acting as a second home, something like house hacking light.

Everything is 1 yr. old lightly used in great working conditions.

Having a paying Tenant is great and shouldn't be dismissed lightly.

200k purchase and let's say 25k rehab, cause 20k is light.  225k total project cost. 

, cleaned, and installed new HVAC, ran all new pex lines/valves/shut offs, all new hardwood flooring and carpet, all new and expanded kitchen cabinets, new appliances, created full bath and connected it to a bedroom to create en suite, repurposed 2 unused rooms (1 into a 4th bedroom/office/playroom and one into a family room, installed new interior and exterior lighting throughout, new automatic garage door, and landscaped.

Created en suite bed/bath, extra bedroom/office/playroom, created family/tv room, added a couple of windows in dark rooms, installed new HVAC, ran all new pex lines/valves/shut offs, all new hardwood flooring and carpet, all new and expanded kitchen cabinets, new appliances, converted 1/2 bath into full bath, repurposed 2 unused rooms (1 into a 4th bedroom/office/playroom and one into a family room, installed new interior and exterior lighting, new electric garage door w/remote, and landscaping What was the outcome?

In light of my goal for cash flow I turned down the above property.

We need incentives to boost supply of new homes and light housing density (ResiClub).

Can anyone shed any light on this or share their experience with buying a multi-unit with NACA and later refinancing out of the loan?