I usually don't do this.

Hi All,  I've had several rolled roofs installed and never saw anything like this. 

@Matt Smith generally speaking it’s a combination of rising interest rates which have caused cap rates to increase (thus wiping out equity), debt is resetting at higher rates, rising opex costs due to inflation and stagnant or softening of rents due to an increase of supply.

I will reach out tomorrow 

(But not for a “I’m going to live in it 50 weeks out of the year and rent it out two weeks”, IMHO, if that was your idea.  

My strategy incorporates asset protection measures like LLCs, specific trusts as well as professional property management to spread risk and ensure quality operations.As well as using tax codes to my benfiitSection 179, IRC Section 162, Cost Segregation and Bonus Depreciation and later 1031 them out for larger projects. 

Glad to have you as a part of this awesome community, Simon! 

The information contained in this post is not to be relied upon.

I would give it some time for lenders to catch up on this type of property.

What made you interested in investing in this type of deal?