Am told we will get permits in 5-6 weeks and construction to be done completely for occupancy in 6 months.

The date you are able to take depreciation is when the property is ready for renting (i.e. advertising for rent or obtaining a certificate of occupancy).

These areas might have higher property prices, but they can offer premium rental rates and higher occupancy.

Since you're a citizen but you live and work abroad you'd still qualify mostly for second homes occupancy or investor non owner occupancy (primary is hard to claim if your job requires you to be physically next to the office as an example so an underwriter isnt going to readily believe you unless you can get HR to write you a letter to state you're remotely capable of earning this income/job duties anywhere).Hopefully that helps let me know if you have further questions into mortgage planning.

If you did a full repipe and gutted the entire property then I assume (in all that means) that there were permits pulled and this should have been caught when the inspector did their rough in walk through or atleast the final occupancy inspection. 

I understand credit enhancements and additional guarantors are sometimes required but to be unable to cover escrow funds and to give away deal ownership for that service is kind of crazy but back to the main point, the real issue is when the Co-GP is not truthful about their true role or embellishes their portfolio/ unit count. 

Many property managers tend to focus on physical occupancy rates, but what truly matters is the economic occupancy rates—the actual rent collected.

For example they only buy land and build in land lord friendly states.Before they buy land to build on, they thoroughly analyze key market indicators such as population growth, occupancy rates, job growth, and even prioritize top school districts.

If you're investing in major cities, you'll have an easier time with occupancy rates for STR for Airbnb, but will have be very cautious about the changing laws.

And yes, we’re focused on value-add and lower occupancy communities.