After the completion of the project, if you read thru the documentation (excel - whatever) it should tell a story of how it started, all the twists and turns and how well or badly it ended.

It's a buy and hold, with a twist on the BRRR strategy: instead of rehab-ing (because it's raw land)-infrastructure first, then two tiny houses are going on the property for rental income.

They all have the basics down but each has a little different twist on the features.  

But I have found that if you make a gentle transition of ownership and clean up the building a little tenants do not mind signing a new lease with a little higher rent. 

Retrofitting an existing basement like that on a flipped house with a minor problem...come on.Make sure that the ground outside is sloping gently away from the house for 12 inches out on all sides.

Dear DPers, First Post here so be gentle with me!

And cash for the remaining partner and the associated tax liability.There's other twists on these and it can get a little complicated but working with your QI and tax planner it can be done.

For instance, we had a lawsuit where the next door neighbor twisted her ankle on a small divot in a yard that we manage.

Now, twist this as a request for help.... because the people "you talked to" have said that you "aren't the owner".

Scott, you'll want to check exact numbers with your accountant as well.You'll have to recapture any depreciation since 1997ish and you only get to prorate between times of qualified use (as primary) and unqualified use (as a rental) since 2009.You can thank the "Housing Assistance Tax Act of 2008" for this lovely twist."