that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

When financing a large-scale fix-and-flip project, assessing and managing risk is crucial for success.Risk Management StrategiesContingency Budgeting:Set aside a contingency fund (typically 10-20% of renovation costs) for unexpected expenses.Time Management:Develop a detailed project timeline to keep renovations on track and avoid extended holding costs.Partnerships:Collaborate with experienced contractors and real estate agents to mitigate risks associated with repairs and market positioning.Insurance:Obtain comprehensive insurance coverage, including builder’s risk insurance and general liability insurance, to protect against unforeseen events.Exit Strategy:Always have an exit strategy.

Some of our favorite tech tools include: Data Analytics and Interior Design, please DM me if you have any questions with more categories :) 

There were 3 different parties offering on this off-market property including myself.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

The tax advantages of buying/holding gas stations are pretty great.Many of the components of gas stations including pumps, tanks, external parking areas, and other equipment are classified as either 5 or 15 year property so you can bonus depreciate a lot of it (minus the land value) and get significant deductions in year 1.With the current bonus depreciation rate at 60%, a $1 million gas station acquisition could still lead to $100K+ in year 1 deductions depending on the specifics of your deal.

Key takeaways include:- 81% of investors plan to grow their portfolios within two years.- Investors are less worried about vacancies, focusing on financing costs (35%) and home prices (33%).- 22% faced rental insurance hikes of 11% or more, and 50% saw property tax increases of over 6%.- Conventional loans remain the top financing option (44%).Give it a full read on our BiggerPockets Blog

I agree that most folks don't like seeing the cost increase as they enter the details of their stay (myself included), but this additional cost is usually split by at least 2 parties or even 3 when there are 8 guests staying.

Which amenities included in a Home Owners Association or Condo Owners Association provide a good value to the owners because of economies of scale?

Applying business losses against other incomeOK, you crunched your numbers, including depreciation, and your business has a $10k net loss.