I think the ultimate situation for what I described above (not the plan, but a possible outcome) could look like this:Rent main house by the rooms while constructing ADU.

Quote from @David Epstein: I everyone, I know this is an older thread, but I'm also now getting into properties in the Albany area and am in need of a CPA with real estate tax knowledge for advance planning.

I believes that well-planned real estate investments can open the door to financial freedom and generational wealth.Welcome!

If you are not coming in cash and you plan to hold for five or more years, its the best time to pick up a property at a steep discount and make it work until the cycle turns again.  

How do you plan on handling that situation6.

At that point, you’re building a business plan—something you can take to the bank.

The process will be slow, but with patience and smart planning, you can move forward step by step.🔹 Property Tax Relief – If your property is severely damaged, you may qualify for reassessment and potential tax refunds.

Excited to hear about your plans for 2025—let me know if you ever want to chat about the market or need any help finding deals!

I am getting started in real estate investing soon, and I want to plan for the best course of action.

Liquidity is important if this is money you plan to put to work in the near term.