yes, and no-cost basis.

Every day you will probably see horror stories here on BP and other forums about people getting taken from contractors. 

Awesome tool I use every day.

I listen to the podcast every day and I have read all of the BiggerPockets and I also bought a duplex that I am house hacking as my first house (it’s not a very good deal because I realized after that I bought with emotion mostly) but I was just like some advice on how to start my foundation so that I can start my farm area and start to analyzing

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.

I researched and looks like its A+ neighborhood but again I have some doubts and I have heard it's street by street basis in Memphis.

There is good news and bad news: good news is that there is a stepped-up basis as of the date of the gift of 50 percent of the gift date fair market value of the property as far as you are concerned for capital gains purposes.

@Ashni ModiRight now I have over 100 BP investors I'm constantly following up with on a weekly basis 75% of them are from California.

I’m a local investor and licensed agent here in Birmingham and also work in property management, so I’m involved in deal analysis on a daily basis!

Obviously this doesn't make a lot of sense from a cash flow basis but if we were to refinance it later on at a lower rate, after we do some upgrades, that could significantly help us but the reduction in cash flow is concerning.If we take the equity out and truly Brrr it, then we are doing better because we avoid the lower value mortgage but can finance at a higher level after reno.