That's right and wrong.There's a housing short, where it counts.

I was in a leased building, counting on a hand-shake deal to buy the property in the future.

I do not have concrete proof that all 30 investors in the group were scammed, but the private group’s name is “JBS—BS” and the link was only sent to supposed victims of the situation which is why I believe it to be true.By my count, there are 19 people (including me) in the group who have been actively messaging about negligence, mishandling of funds, fraud, and residual damages they are experiencing from Jeff.

Together I have $50k in deposits for North Port, so a lot on the line for me.Needless to say, after 3 years and counting to have a single house built in Cape Coral, I don't know how I can confidently move forward with the North Port builds.

Building small units in small counts is expensive development.  

Look at all of the losses you can count against your rental income.Now look at line 18.Line 18 is usually:(Value of your property) - (Land value) / 27.5 years.

If the property cash flow starts in 2024, personal usage is not that impactful.Talk to your CPA if renovation counts as QIP for bonus depreciation.

(i.e. initial decorating and painting, bookings, rate structures, marketing, bookkeeping housekeeping, etc)...Let's count how much time you are going to spend doing what you described.

Something tells me that the pendulum just flipped, and that just as all these guys who went all in and bragged about their unit count have all seemingly shut up and disappeared, that now is buy time.

Most 401ks give you 30 or 60 days to pay back a 401k loan or they count it as a withdraw and that is a taxable event.