You can earn strong appreciation but also lose a lot as the entire state becomes increasingly hostile to landlords.

The Main St property in Grainfield, KS, offered a promising opportunity due to its low purchase price and strong potential for a high return after renovations.

Bonus depreciation recapture is based on the year that is placed into services.As of right now, the bonus depreciation for 2024 is 60%.It is not likely that they will change the bonus depreciation retroactively to 2024.If they change the bonus depreciation for properties purchased in 2025, it will have no impact on a property you placed into service in 2024.

I have a friend who is a banker locally, he's seen business bank numbers for 40 years...he know what makes a strong business client and when it is a weak business with some good years.

We use Pricelabs dynamic pricing and our base prices are set a year in advance for each month. 

I'm based in Charleston and am frequently in Columbia.

In this type of area having just 1 or 2 properties is ok because your tenant base is higher end and more stable. 

I think it is fair to say that there is somewhat of a tradeoff between markets that provide positive cash flow on day one and relatively high appreciation-based markets.

This is not uncommon and actual more typical as it is based on sales price and even though the first appraisal was $130k the new one gets reset based on its recent sale and home prices are not up 10% over a few months.You are going to have a hard time getting a lender to use other comps compared to this home as it recently sold.

Non-recourse has less personal exposure, but you need a very strong balance sheet to secure this without bringing in a KP.