Hi @Leon Jamison,I can recommend my contractor. my project was $420K, 7months, funded through 203K. we went slightly over schedule (10months),mainly due to a few failed/ repeat inspections, but we were able ton finish under budget.TBH, Im actually doing a second multi family reno project in the heights, New York Ave with the same contractor beginning March 2025.Anyways, you're bound to have issues when working with any contractor.

Other asset classes aren't so the depreciation schedule may not be as quick/beneficial.2) And it is even possible to find deals that are what I call "super-shielders" and which not only shield all the distributions in the investment but have extra to use over on other real estate investments that are throwing off income. 3) Unless you're doing a 1031 exchange  at the end or similar tax structure to defer taxes, you will have to *pay back* all that depreciation benefit at the end (on sale...which for you is in 5 years)  via depreciation recapture.

You also need a schedule of real estate meaning you have to have signed on these loans in the past. 

I will kindly ask anyone if you have any questions please schedule a call with me and it will be a pleasure to help each of you individually. 

First, I schedule an inspection, quickly.

Make sure everyone knows a cleaning schedule, expectation for common areas, how are you splitting utilities, guest policy, etc. 

Then, you would need to sign out of Invelo and sign back in using the BiggerPockets sign in option on the sign in screen.Let me know if you'd like to schedule a walk through in the platform, and I can show you the full functionality.

Because of illiquidity and the fact that it was in default and a foreclosure sale was scheduled, it was valued at $21K.

Some banks will do 80% LTV but only on a 20 year amortization schedule or 75% LTV on a 25 year AM. 

Flying in monthly helps, but having a local contact (realtor, manager, or trusted partner) is key for regular updates.Use tools like progress photos, video calls, or project management apps to stay connected, and schedule visits at critical stages of the project.