I just joined Bigger Pockets myself and am glad to be part of this vibrant community. 

Each time reported to local pd which is surprising only two blocks away.

I own a similarly sized 4-plex on the same street two blocks away whose appraisal dropped from 1.674M to 1.434M (14.3%) for 2025. 

Good morning, I’m new to bigger pockets.

Welcome to the Bigger Pockets community! 

After that, all rental losses are blocked and pushed into future years.

Purchase price: $242,500 Cash invested: $49,000 This is an older house, built well on concrete block, that is next door to multi-million dollar houses on the water.

Knowing that someone who can afford a $500k house, can often also afford a $600k or even $700k, house, and will want more of everything (better location, bigger house, better finishes, etc).As for number 1, not even just paying it all up front, but working with any contractor that wants "percentage" draws.  1/3 up front, 1/3 half way done, 1/3 at completion.  

If you need any connections, like property managers and contracts, let me know. or a bigger source of properties, please don't hesitate to reach out!

I had a much bigger building under agreement 15 unit launch financial had my rate in high 6’s with 30 year am which was great the deal ended up falling apart (not their fault seller misrepresentation) but I do like them and you can usually get them to lower their fees.