Depreciation allows you to spread out the expense of assets over several years, reducing taxable income each year.If you need further clarification, financing for your projects, or just have more questions please feel free to reach out to me directly.

@Carlo D.You pay interest on the principal only, so every month your principal amount of loan is slightly lower which will reduce the amount of interest you are payingGo to Google and search amortization table and it will show you the principal payment, interest payment and loan balance after each month.

These measures will not only improve the quality of life for residents but also reduce the dependence on cars, which is particularly important for those without access to private vehicles.

His ltv may be reduced to 70-65%.

This is never accomplished in hard money loans and some may feel this adds more risk to the lender not having interest paid as you go, I argue that not having to come up with that monthly interest payment reduces the amount of capital needed for that project total and there by reduces the loan to value needed which helps both parties.

If the City makes a bad decision, they could drive the supply of rental units down which would exacerbate the housing problem by reducing supply and negatively impacting the quality of housing as housing providers will simply leave Pomona and invest in Montclair, Ontario, Riverside, etc.

Now I know better.It actually reduces the number of good responses you will get because people will think they looked and missed it or already responded because it is in too many places.

I agree with you that it's hard to predict future liabilities in condos, but if you choose wisely (solid management, reliable developer, newer construction), you can reduce the risk. 

With a $500k investment you could probably easily grow to a $1.65M, 6 units portfolio, with cash flow in excess of $2,500/mo, all while reducing your structure count from 6 to 2.

If no one bids the reserve, they will let the property stay out there until someone does bid the reserve at least OR they will eventually reduce it once they see they cant get the reserve.