However, capitalization rules apply to each component and the building separately.The eight building systems are:HVACPlumbing systemsElectrical systemsEscalatorsElevatorsFire-protection and alarm systemsGas systems, andOther structural components as designatedThese distinctions come into play when determining capitalization requirements for betterments, adaptations, and restorations.This is just intended to be a very general summary of real property.

You will need to make minor changes if you wholesale in different states, but for the most part, you can adapt the same contract each time you secure a property.This step is where it is most helpful to have software that allows you to sign and send contracts virtually.

This allows DSCR loans to be more adaptable to the market as real estate investing strategies change, including the BRRRR method.

I'm revisting this post and was wondering if both your properties are metered or unmetered for water?

The close proximity to I-84 and I-87 makes it a super location, it has a lot of old mill buildings, which are great for adaptive reuse.Have you looked at any of the demographic trends?

For NYC landlords, this opens up a whole new world of potential tenants who are reliable, responsible, and respectful of your property.The world of real estate is always evolving, and those who adapt will thrive.

I would look at what other professional property managers are using and get ideas and adapt it to fit your needs then have an attorney review.

I'm eager to know how seasoned investors are adapting to these challenges and what strategies have been working well in this environment.What specific types of properties are you targeting in today's market?

You need to evolve and adapt with technology.

Feel free to take and adapt over to what matters most to you.