✔️Purchase Price: $1.36MM✔️All capex will be included in a bridge loan✔️Will refinance into FreddieHere’s our plan:✅ Pave the parking lot✅ Build 3 additional units to utilize unused space✅ Perform light interior upgrades and bring rents up to market✅ Implement a flat fee for utilities ✅ Improve outside landscaping✅ Engage a professional property management company team to improve inefficiencies “The path to success is to take massive, determined action.” - Tony Robbins 🔥

I envision a balanced well managed Rental Property Business being reborn and paving the path to a fruitful and prosperous future as a landlord and hopefully some day even expanding and adding more to my portfolio!

It took him six months with lots of trucks full of pros and equipment to get all of them looking like new and pave the whole area to rent as Airbnb.

I only own one lot, however this makes sense to me since it allows us to collect more dues and have better long term goals (like paving our gravel road).  

Without a cost segregation study, you would depreciate the $12M over a 39 year period, $307,692 per year.Within this office building, you have assets such as paved parking, specialty electrical, finishes, carpeting, landscaping, sidewalks, office furniture, electrical systems, plumbing systems, etc.

Jon,I think your hesitation to begin the eviction process is warranted and may not produce a quicker/cheaper result.Sometimes it’s best to pave the way for a bad situation to get better.

This also encourages people to delay, delay, delay maintenance until they sell their own condo, and so condos under this system usually go downhill.The other way is for the HOA fees to be high enough so that stuff like new roof, new parking paving, new siding, etc, can be financed and then is paid out of the normal fees. 

Prop Tax's some of lowest in the country for fully service properites  IE WATER SEWER Paved ST.. schools etc.2. on going maintenance  desert scape   No lawn going wild like the mid west. 3. lack of water intrusion  4.

Because all I would have to do is pave a square on it for the food trucks, low maintenance with good cashflow.

It established a connection that paved the way to close the deal that had less competitive terms than the other offers.