Here's one of mine:I acquired a building towards the middle of the year with an existing commercial tenant.

I also make sure to specify in the lease agreement that I need proof of coverage before move-in and that the policy should name me as an “additional interested party.”

Is there a way to access the additional features without creating a new Stessa account through the BiggerPockets link? 

Also be open to knowing that you are acquiring a series of problems.You're in the solution business. 

What would be my best route to take if we need additional finances?

Are you still acquiring rental properties?

Keep in mind that the same entity (in this case, your LLC) that holds title to the relinquished property must also acquire the replacement property to maintain the tax-deferred status of the exchange.Additionally, don't forget about depreciation recapture.

I am based in Seattle, but is licensed in Tx.You can acquire your a primary residence from up to 1-4 units for as low as 5% with conventional or 3.5% with FHA with a few exceptions.

.: @Leonard La Rocca IIIit will depend on the property, of course, but you are thinking about it the right way, so good job so far. you'll also have lease-up costs - the property manager will typically take the first month's rent, plus potentially a small fee to find and place a tenant.and yes - having to shell out that much cash IF you're just going to buy, spruce up, and hold is absolutely par for the course.there are other ways of buying - BRRRR, for example - but this is definitely one of them. in addition the prudent investor would have at least 20k liquid or avaliable when starting landlording for reserves..

Recapture typically happens only when you sell the property.If you use the property partly for personal use and partly as a rental in a given year, depreciation and other expenses must be prorated based on the number of days it was rented versus personal useBased on the current tax laws and regulations, once you've taken bonus depreciation on an asset, you cannot "capture" additional bonus depreciation on that same asset in future years, even if the rates increase.In the 2024 tax year, the rate for bonus depreciation is 60%.