You will NEVER cash flow while living there but have a chance of cash flowing when you move out.

You are probably looking at a chance of delisting at 4.5 rating...

There was not much of a chance to value add to this deal.

@Jason Wray Thank you very much for this response ..I’ve never sold one of my rentals before feels like I’m cutting off a leg and paying close to 100k for cap gains is really starting to eat at me 😵‍💫Any chance you would be so kind as to send me a link to something in the ballpark of what you’re suggesting this way I can get an idea of area and what this type of property could look like!

Fix your name when you get a chance since your name is currently NA NA.At 18, you have to question why would someone sell you their home on assignment?

Shayan,Best option to avoid issues and stay risk free along with having a better approval chance would be to go with a Cash out refinance.

That sounds like massive renos (ie new floors, painting...).Yes as you acquire more properties, the chances of having multiple vacancies (no matter how leases are staggered) increases.

I tell people the harder it is to zone your project, the less chance a competitor will come nearby.

But the chance of a wipe out like those that are coming in as equity basically in a junior position is mitigated..

FYI, a Cost Segregation Study will "not" increase your chances of an IRS audit.