When they started screwing with us last week about appraisals and then having to give them an ‘after reno’ price for the house when they had no idea what we were doing the house to increase its value, I did mention to the partners I thought we’d been scammed.

One last thought, have you considered just selling to (or trying to partner with) a developer?

In fact my last completed purchase (I am under contract now for a different purchase) was huge negative cash flow.  

We have an upcoming meeting with them to see how we can extend the loan a few more years to make the total monthly payment including installments for the annual property tax bill, which we’ve had to pay for them this year since they were late the last couple years and had to pay interest to the county. 

-signed an underwhelmed BP Pro member We advanced the investment case last month.

Do I just have to go by the actual numbers like revenue from last owner and taxes?

And most recently the last 3-4 years there were a lot of syndication discussions. 

Over the last 10-12 years, the city’s been on a steady climb, and for good reason.

@Angelica CristiIt has been a year or 2 since I last purchased on Auction.com so things could have changed.  

The reason I post this here is because I got totally different answers from two CPAsHere is the story:I bought the house as investment property and run it as STR for the last two years.