Cons: Yes, we can be in the slumlord category because we don’t improve unless absolutely necessary.

These quickly eat up profits and adjust the risk profile of deals. 

For real estate investors, especially those buying and selling multiple properties, the potential reduction in transaction costs and increased transparency could lead to improved profit margins.

but maybe it will be like Habitat for Humans  although when you look at their projects houses biult as cheap as code will allow.. so to me I guess if you put them in dead and dying areas to spruce them up that could be an improvement

There are some additional things that could help determine which loan product is best for your situation.203k Best When:- Credit scores 680-720 or less- Renovation will improve the value of the home more than 75%- Renovations will be on or in the home - no new yard projects, only fixing existing- Higher Debt To Income (can get approval with up to 56.9% dti)HomeStyle Best When:- Purchase + Renovation costs will come in higher than FHA Limits- Home improvements will only improve vale 75% or less - 720+ credit or 20% down (of purchase price + reno cost) to avoid PMI- Exterior Projects (fence, hardscaping, pool, outdoor kitchen)- Lower Debt To Income (sometimes as high as 50%, many times between 45-50%)- Renovations that are greater than $35,000 (soon this will move up to $75,000)Happy to answer any other questions that you may have!

One thing to consider though, that most people don't realize, when you higher and pay for an architect/engineer to do drawings you get to count that money spend as improvements to the building when it comes time to get your commercial loan.

That's before considering capex/maint, vacancy (almost guaranteed when buying a vacant home), or any even improvements needed to get it rent ready.

My info is all in my BP profile.

Monthly social hours with hors d'voures, community BBQ, pool party/cookout, monthly car wash, monthly giveway's (gift cards, dinner with management, etc. for a small group (2 to 5...and post pics on your website) who provide feedback on what areas management can improve, etc.

The 27.5 year depreciation schedule is for a residential property improvement as a whole.