Do the GAI is only a component and not the only source of truth.

With steel prices climbing, developers are facing significantly higher material costs, especially for multifamily and affordable housing projects that rely on steel for structural components. 

I stick to light to medium rehabs, so I stay away from anything that requires replacing plumbing or electrical components due to the associated costs and the need to closely monitor those items, as I have been burned in the past. 

While the design a key component to getting people to book your property, the stay experience is key.  

An engineer sent by a cost segregation firm can find a lot MORE components to bonus-depreciate than you can estimate yourself.

Since you're living in one unit and renting the other three, with separate tax bills, utilities, and addresses, you have a solid argument to treat the rental portion as a distinct investment property eligible for bonus depreciation.Here's how it works:You can only depreciate the rental portion (3 of 4 units).A cost segregation study can identify components (e.g., flooring, HVAC, appliances) eligible for accelerated and bonus depreciation.The unit you live in is not depreciable, but the others qualify for full investment property tax treatment.However, to use the losses against your W-2 income, you’ll need to qualify under Real Estate Professional Status (REPS) or the Short-Term Rental (STR) loophole.

Both of these investing markets have a component of sociology. 

The plan includes both the purchase of the parks and a value-add rehab component to improve infrastructure and increase rental income.We’re in the early stages of structuring the deal and would love to hear from anyone with experience in:Financing options for mobile home parks (especially syndication-friendly lenders)Combining acquisition and rehab financing (e.g., bridge, private, or non-recourse options)If you've gone through something similar or have lender recommendations, I’d really appreciate your insights.

.- If the house was only worth $80k after renos, you were not able to get the forced appreciation, which is a key component of the BRRR.- You were only able to get $56k back from the original purchase (-$14k), add in repairs ($23k), should be -$37k.I appreciate your honesty and openness.

Ultimately, you will make more money on houses with a value-add component if you do it well.