Do you allocate expenses between business and personal or is there a threshold where you can write off the whole trip?

We are thinking about taking out 100K for personal expenses once we finance.

The property has been 30 years since it has been updated and it is in need of a renovation.

Here are some key strategies to consider:*Invest in Distressed Properties – The best deals for investors often come in foreclosures, short sales, and older homes in need of renovation.

This deal underscored the importance of thorough inspections and budgeting to anticipate unforeseen expenses in future projects.

Personally I management my own properties, so they sit at around a 25% expenses + P&I. 

Quote from @Sean Spagnola: What renovations bring the highest after repair value?

So if she's lived there 2 of the last 5 years, and wants to sell the house after you are done renovating, taxes shouldn't be an issue.

In today’s competitive real estate market, where inventory is tight and opportunities seem few and far between, many potential buyers are overlooking a game-changing option: renovation loans like the 203(k) and HomeStyle.

I’d also need to renovate the unit I’ll be living in to make it more comfortable.Property Details:Four units total – I would live in one and rent the other three.3 1BR/1BA, and 1 2BR/1BARents are below market – currently bringing in $5,000/month total from three units.