My hope is to hold this property.

I did notice end of 2024 to be more active and January to continue that streak compared to 2023 and start of 2024.

Downtown Charleston experienced a significant surge, with home prices increasing by 33.2% compared to the previous year, resulting in a median price of $1.2 million.

The model opens a pool of possibilities for owners who are prepared to hold and manage the property long-term.

Baselane has been a game-changer for me, saving a significant amount of time compared to manually tracking everything in Google Sheets.

I’m holding for the long term.

Our 275 sq ft furnished garage should rent for $1600 - $1800/mo and the only extra fees compared to long term is $99/yr to post on furnishedfinders.com. ...I should have this finished by the end of next month, so can keep you updated on whether this plan works and what we rent for. 

Turnkey, buy-and-holds, flips, or something else?

My goal is to offer an affordable monthly payment that competes with renting a comparable property and offers a benefit to paying a bit more to "own". 

Otherwise the hold up of the sale and going back-and-forth we wanted to avoid.Because it’s now on the closing statement, are these a deductible repair expense like it would have been had it been before closing that would normally just be under schedule E as a repair expense.Cheers.Since the seller credit is now part of the closing statement, it’s generally treated as an adjustment to the purchase price rather than a direct repair expense.