@Mindy Jensen As a contractor myself I've personally experienced this many times over the course of my career.

Or what some of the more experienced investors on here would do with my current situation. 

For residential properties with a basis of less than $1.2 million, check out our online DIY Residential Cost Segregator. 

Hey guys, been lurking on BP for a couple years. My partners and I (3 of us) are based in Miami FL (not the easiest market at the moment) we are all realtors / brokers and investors, each have 20+ years of experience ...

Let’s connect—I’m always looking to learn from experienced investors like you! 

My lender suggested moving a multi-family from my personal name to an LLC immediately post-closing via quit claim deed. Does anyone have experience with this (even better if in Chicago)?
According to the City of Chi...

I know this might seem insignificant to experienced investors, but I just got the appraisal back from the bank this week and have access to about $145K in a HELOC so I'm creating CCCs around this number. 

Has anyone experienced something like this with your own rentals?

Why Choose Parasec- Efficient and Accurate Work- Online Access to Entity Information- Comprehensive Nationwide Solutions- Experts Ready to Support Your Needs- Cost-Effective Services https://matsorensen.com/bois-halted-again-5th-circuit-revers...Customer Testimonial"Your group has always been able to explain confusing government stuff and is very helpful.

We just closed in late Dec so the financials are a work in progress but we’re projecting and tracking closely to a 55% expense ratio and should have about 11% CoC in year one through the renovation period as we get more renovated units online.