It can be deferred but another reason why you want to get your accountant and a QI on board to help you navigate the treacherous waters.

It would be seller financing on these lots, but I would like to BRRRR on this strategy but I would need to find a lender or two who would jump on board with this strategy.

Thanks for the insight, I may have to pick your brain a little more if I can get the wifey on board : ).

You will need one on board anyways for permits.

I would also open up the Airbnb to your current tenants and make sure they are on board.

I have a section that lists tenant responsibilities, I go over such items during tenant on-boarding, and the lease has two clauses, one that they are responsible for all repairs under $25 and the other that they will be billed for tenant caused damages- which sending a plumber out to unclog a toilet would fall in.

I'm on board with that, @Michael Ealy.

@Paul Lechuga, if you have your Lender on board with your intentions first (which I recommend), I suggest finding the deal before deciding on how to finance it.

If that meeting goes well and everyone is still on board after you have narrowed down the numbers, I would write up an actual business plan including market research, detailed pro-forma property analysis including all projected expenses minus expected rents to determine potential monthly cash position on a few property examples using actual active listings, determine buying criteria, nail down personnel descriptions to define who will do what, plans B, C and D if plan A goes awry, exit strategy, profit split, etc.

@Jennifer LeFor a property this size, unless it a value add component in terms of the additional land where you can develop additional lots, it's will be too expensive to bring the property on board.