Purchase price: $2,800,000 Cash invested: $560,000 The property is a three-story multi-family residential building with six independent units, initially facing significant challenges due to poor conditions.Renovation Investment Summary:- **Structural Repairs:** $250,000- **Kitchen Modernization:** $100,000- **Bathroom Updates:** $50,000- **Exterior Improvements:** $100,000- **Holding Costs:** $50,000- **Property Taxes:** $30,000- **Insurance Costs:** $10,000- **Management Services:** $10,000

Run the calculations on the expense of doing a refi at a slightly reduced rate vs. keeping the current loan for whatever period of time you think you will hold this house.

Believe me, the longer you hold the more your expenses will grow.

This includes if the property does not close.Your agent should be holding your hand through this process.  

Yes, agents would say buyers agree to 2.5% when the sign the buyer contract, but most only do so because they are repeatedly told that they "aren't really paying the commission, the seller is."

Yup half of these ideas are OLD NEWS  I never equate Texas and low tax's LOL also my concern with build to rent subdivisions is not the rent or the first 3 to 5 years but the exit in 7 to 10 years which is average hold time for investors.. 

If I had been tracking the assets via accounting, I would simply make a journal entry showing the LLC's assets and liabilities going to zero and transferring them to the Holding LLC or the LLC Members.

This is primarily why I plan to get a property in Old Town Alexandria whenever I can (THE HOMES HERE ARE EXPENSIVE) currently I do airbnb arbritage here and it does phenomenal, I read through your report which furthered my confidence in this area, and I'm excited to keep holding onto property here.

Investment Info:Single-family residence buy & hold investment.

How long is the LP investor hold?