Sorry to hear mate 🙏No shame in loosing.It's how you recover and pick yourself back up.If you don't, then that's a shameI have lost more than I can count and so have many others on this forum.Losses are part of business and life in general.Our time and energy comes at a price.The biggest price is the emotional one.I prefer learning from losses as much as possible and doing my best to not repeat the same mistakes.Also, not dwelling on it for long and not living in the past to avoid further emotional drag and doubt about moving forward.Personally, I also don't get involved in lawsuits or collections and consider every loss as my own fault.Moving forward smarter and more experienced.Moving forward and doing my best to make more than what I have lost.I hope that helps and God Bless  yup 08 to 2011 I lost 10 million in equity.. and had to start over in 2012..

I suspect they will be in the $60k to $65k range for 2024 and the difference is market wide.i can look at airdna and see guest count is down.  

And when getting a DSCR Cash out loan, the proceeds from the loan count toward the reserve requirements.  

I was shocked as I thought it would be very simple (which it is), but some syndicators will use funny math such as not counting fees, placing expenses on a quarterly or yearly basis when using IRR (backloading to end of year). 

Of course the market nearly doubled my home value so it balances out; but I know this isn't a normal market and I can't count on appreciation alone (the numbers need to make sense; I need value add, etc.. this is just an example).

From my limited experience, the voucher programs I work with limit the bedroom count that any tenant can apply to so it will say right on the voucher 1, 2, 3, 4, or 5 bedroom.

Do you know the bed bath count and location class?

Unfortunately, those are treated as personal expenses and aren’t deductible.As for the repairs and improvements, fixing leaky pipes counts as a repair and can be fully expensed in the current year.

If you pay that before the end of the month, the reported balance is going to be $0 even if you buy $5k worth of Christmas presents next week, because that float won't count until the next statement closes.

If you are using an FHA you should be able to use 70% of the potential rent from the other units in the building to count towards your income.