No broad cities cashflow great right now with managers, some look good on paper but they just have more costly hidden issues then the lower cap rate cities.

Someone who truly loves you will understand Plus if they aren't planning or expecting themselves to leave you or cheat that paper will never be relevant.

Virtually no one uses paper checks these days and those have their own issues.

I've been researching whether or not doing a cost segregation study would be beneficial and while I don't think I could use the bonus depreciation for 2022 taxes a recent Bigger Pockets Money Podcast (#360) https://www.biggerpockets.com/... talked about carrying forward the paper loss for coming years and the benefit of doing one now as there is still 100% bonus depreciation which will decrease in the coming years.

PS: I'm sure I can great a nicer LTV but my business taxes don't show large gains on paper.

Low value low quality NP seconds.. the most volatile and risky paper on the market today.  

Depreciation can create paper losses to offset rental income or passive income, and qualifying as a Real Estate Professional (REPS) or STR loophole can allow losses to offset W-2 income.This post does not create a CPA-Client relationship.

I’m old school and pen and paper all my expenses then jam a receipt in a folder for each property.

Detroit can be tricky to analyze, and some deals that look good on paper might have hidden pitfalls (taxes, rehab surprises, etc.).

I want to move forward with the purchase because it is a great deal on paper but I don't want to do my agent dirty either.