Don’t have a black and white answer without being privy to the entire transaction.

After two years of appreciation we would easily be in the black.

Tax losses are not always book losses.I look at it this way.With all of his jets, hotels, Burger Kings, Pizza Joints, book income, and that big shiny black Rolls Royce, whatever number ends up on the bottom line of his tax return is not a good indicator of his achievement--but rather it's an indicator of the work of (probably a bunch of) "Great Tax CPA's" (which so many people in here always ask for).And the rehab on that Old Post Office is impressive, truly an improvement to the neighborhood.

Some areas are heavy on the MLS and you need to list it there to rent (and pay accordingly), while others are more "orange/black sign in the window" type areas.

Real estate is a knowledge business not a black and white line, good / bad, buy/sell. 

We completely changed the color scheme to a classic black and white finish.

We completely changed the color scheme to a classic black and white finish.

Too fast to do everythign "right" and the interesting thing is, I was able to make some mistakes, do some capex, etc. and still be in the black because the multis tended to cash flow much better.

I wanted to learn how to snowboard, I started on greens went to blacks.

While this cohort is still quite young, the expectation is that only 60 percent of white Gen Zers will be married by 40 years old, while black Gen Zers might reach levels as low as 23 percent...........if they're not even sure about a commitment to marry, let alone purchasing a home...., they will become a renter forever, as in some cities only a dual-income family is possible to buy a house these days.