They would have access to modifyyour bank account info.

Bank assumption How did you add value to the deal?

I would not listen to that chatgpt response.Please note this home will not cash flow, so you are going to be banking on appreciation which may or may not happen in the next few years.

Several posts I have made I have failed to include “check zoning”, but the reader must do their due diligence.  

You could always call a different bank and ask a loan officer that question.

Then of course there's the IRS this is a exert directly from the site: Federal law requires U.S. citizens and resident aliens to report any worldwide income, including income from foreign trusts and foreign bank and securities accounts.

I work at a CPA firm handling bank analysis and bookkeeping for businesses.

Considering the figures of 95% occupancy and $750/night, it's akin to a software business having 2+ customers on a $21,500/month subscription EACH.Unlike software startups, real estate offers "easy" bank loans, so each dollar invested effectively becomes $2-4.

They neglected to mention that SROs (single room occupancy, aka lodging house, aka rooming house) also means likely very high maintenance, necessitating supervision and hands-on management.The property had just dropped out of contract because the first buyers couldn’t get bank financing.

The whole area was neglected in the past but is having an insane about of public development that I fail to see how it wouldn't continue (near one river north development, mile high station redevelopment, federal blvd greenway, federal blvd BRT, Morrison Road redevelopment, just to name a few). sorry for the long post I kinda just spilled out my whole thoughts on the area..