And you'll likely want to consider more fringe & cheaper areas for lower prices & better cash flow.I bought a 3-unit building in November last year when rates were 8% using a renovation loan (5% down), made cosmetic renovations to the units, and then we got way stronger rents than expected.

Self-funding gives you full control, no debt, and better cash flow, but it ties up a lot of your cash.

It'll add about 80k to the cost but is a much cheaper option that tying up square footage for an indoor pool and dealing with the risk of moisture and mold issues.

Right now commercial rates are more like 6% with a point. the only loans from banks I see tied to prime are vertical construction loans or horizontal construction loans.I had the same issue with I had maxed out my rental loans with lenders like Country wide and Wells fargo that reported to fico..

Harsher outputs forcing stronger inputs and cuts in Q1/Q2.I could see a total of .5bps hit by EOY 2024, then a flush of a bad Q4 data/earnings come out and Jan we're forced to move .5-.75bps getting us to sub 4 and another cutin March forcing us under 3.5/3.75 and mortgage rates hovering 1.5-1.75 over.

You will only be entitled to the deductions directly tied to the property, such as interest, taxes, insurance and maintenance. 

@Richard Schubert If the house next door is a solid enough deal you could always raise the money from people in your network to tie it up.

The more pics you have the stronger your case will be. 

Syndicator #2 buys apartment buildings in the Detroit area and is looking for a bigger project.My hesitancy is that my money is tied up in that syndication and it would be difficult to get it out and I didn't see what the tax benefits were especially a real estate debt fund. 

There seems to be many hidden tie-in arrangements between entities so can't really say any 1 from what I've read/heard.