We just gave our tenants notice that we are planning to move into the rental they are leasing from us.  

Despite the challenges, the project was a success, proving that well-planned investments can lead to significant profits.

Keep in mind of the I/O(payments/period) and game plan on how fast you'd like to pay it down. 

I plan to make them into rentals by this fall.I’m looking to connect with someone who want to work together.

Lots of good advice here, but no one asked what your parent's retirement plans are?

With things like the ONE Linden plan in Linden, which is a 50M plan to improve the neighborhood.

The challenge is the that you need to have a plan for the property that will allow you to improve rent collection, lower expenses or build the equity.

Platforms like Procore, JobTread, Buildertrend, and FlipperForce have caught my eye, but I want to make sure I’m considering the best fit for my needs.Here’s what I’m looking for in a solution:Cost Estimation: A tool that accurately calculates material and labor costs.Project Oversight: Features to manage tasks, schedules, and budgets efficiently from start to finish.Vendor Integration: Real-time updates on pricing and inventory from suppliers like Home Depot or other suppliers.Material Suggestions: Automation or recommendations based on the rehab’s scope and specifications.Labor Planning: Tools to predict labor hours and staffing requirements for each phase of the project.For those of you who’ve used any of these platforms (or others), I’d love to hear your thoughts:Which software have you found most effective and why?

Assets identified in this study include:Standard windows and doorsInterior ceilings and wallsBasic plumbing and electrical systemsBuilding structural elements and roofingBasic HVAC componentsWater heatersFire protectionThis engineering-based cost segregation study included the following methodology:Physical Inspection through a site visitDocumentation review including architectural plans, accounting records and construction documentsA cost analysis which utilizes engineering principles in order to allocate costs to their applicable asset classificationsCalculation of the depreciation schedule using MACRSAs a reminder, bonus depreciation started to phase out in 2023.

If you plan to invest in multiple states or require advanced asset protection, consult a CPA or attorney to explore options like a holding company structure.