With the right tools and a bit of hands-on management, you could effectively manage the property yourself and cater to this steady stream of potential tenants.

This can be a good thing and it can also have negative effects in some instances. 

What tools or platforms do you find most effective for tracking payments and amortization schedules?

The improvements boosted its market value, leading to a successful sale at $65,000 on 8/21/2024, showcasing our strategic approach and effective project execution.

Of course, this is all changing due to NAR's settlement, effective August 13, that no longer allows listing agents to offer buyer agents compensation via the seller.

There are pros and cons to each, and market cycles effect each differently, as does the metro you are in.

This has effected the structural integrity of the main beam.

@Matt Owens - I've used the HELOC route to expand my portfolio and it has been extremely effective.

If I buy the parcel from him, how does that effect his loan?

I can't say for sure if the BP calculator offers such a calculation as your tax situation impacts how the depreciation will effect your return.By bonus depreciation I'm assuming you're referring to doing a cost segregation, if this is the case you'll definitely want to review your tax return to determine if you can even take advantage of a cost segregation.