Although during an audit, a cross auditor with an unpleasant attitude, or who for some reason dislikes the client, or is just having a bad day might disallow it- causing either a fine or going to court making the client pay for that (And no one wants to be a test case $$$$$$).

Have you tested the market yet with this set up? 

Essentially rolling that equity from each property into the next one, with a cash out refinance each time? 

It will roll into the new basis of your replacement property.

MULTIFAMILY EGI INCOMEMultifamily GPR: Rent Roll Rents w/ Laggards @ MarketLess - Concessions: 0.50%-1.00% (Depending on market)Less - Vacancy: 5.00%-7.00% (Depending on market)Less - Bad Debt / Delinquency: 0.50%-1.00% (Depending on market)Multifamily NRI= Multifamily GPR - Concessions - Vacancy - Bad DebtOther Income: Get a rent roll detail showing all the other lease charges by unit.

@Bob AsadOnce under contact getting the rent rolls, maintenance, and any capital expenditures expenses.

We promise returns for our partners and worked with previous partners to put together build plans to quickly get the ball rolling with this project.

Originally posted by Account Closed:@Russell BrazilSmoking weed is not a felony Go smoke in a DC park and see what you get charged with to test your theory. :)

I think it would be important to look at your ROI after your move out and if its worthwhile to hold or potentially sell to roll capital into another more lucrative investment. 

I would even be content with neutral or just a small positive cash flow to get it rolling.