It is effective Aug. 1, 2024.This ordinance is referred to as the Source of Income Discrimination Ban Ordinance" - which is identified in File #231019 and amends sections of Chapter 38 (Civil Rights) and Chapter 34 (Health and Sanitation) in the Missouri Revised Statutes for the purpose of classifying source of income as a protected trait in regard to housing discrimination.Here are some key takeaways from the attached ordinance:This ordinance bans discrimination against tenants based solely on:Source of income from an occupation, including gig work or paying rent in cash Use of public programs like Section 8 Housing Choice Vouchers, disability checks, or social security Poor credit score Prior evictions and alleged damages older than 12 months (less than 12 months can be a basis for denial) Prior convictions or arrests (sexual and violent crimes are excepted, a landlord can still deny based on these convictions)The ordinance also requires the city to proactively scan for rental ads using discriminatory language like "no Section 8" or "no past evictions".Landlords who are found to be in violation of the ordinance with respect to source of income can be fined up to $1,000 per incident.

Can any of the construction/conversion costs be used to offset the income?

I actually spoke to Mark a few weeks ago and really enjoyed our conversation. 

Wonderful question to stimulate conversation @Jacorion Williams!

Meanwhile the conversations my mother had the most of was with the dryer or washing machine or real intelligent ones with us kids..

It may be a good idea to have some face to face conversations if possible before you spend any money on deals. 

However, the conversations I often hear are silly and hard for me to comprehend.

I'm confused about the whole conversation.

Purchase price: $635,000 Cash invested: $200,000 Built in 1880 as a single-family address, this rare three-story grand brownstone designed by Ogden and Wright was purchased by myself and investors for conversion to a boutique hotel.

Conversely, if the property is expected to stabilize quickly, fewer extensions may be granted.Market conditions and interest rate expectations: In volatile market conditions or when interest rates are expected to change significantly, lenders may offer more extension options to give borrowers flexibility to time their exit.Negotiation between borrower and lender: The specific number of extension options is often negotiated on a case-by-case basis between the borrower and lender.