A link to FilePlace is at the bottom of every page, so it is easy to find.If you have technical issues, send an email to [email protected] and someone will help you.

If you don't have a unit open to cycle each tenant through while you renovate them, you don't have an option because things will keep breaking when occupied and you will be getting less and less rent and no profit for years.You are right Jonathan, we just started out and like you said technically it should probably not be called a "deal" to the standard of a wholesale investor.We are just putting our first step forward.

Also, since it would be a single member LLC in my wife's name, I'd end up getting a property management company since I, not being a member, would technically not have any liability protection in this scenario.Is there a way for the land trust to "gift" the property to the LLC, thereby providing carryover basis?

Sometimes you just need to do what YOU want to do even if it isn't "technically" the best option from a financial standpoint. 

Technically, this may not meet your qualification standards, because you can’t ask your standard reference check questions.

Still figuring out how the technical stuff on the forum works but thanks to everyone that replied to my welcome to BP!

Just be wary that technically, according to Chicago's Airbnb ordinance, you can only operate 25% of the units in your building as Airbnbs.

A few other resources that offer funding opportunties for blighted and/or brownfield site renovations are MPCA, Kansas State Technical Assistance to Brownfields, DEED, LISC.

Depreciation is going to still be offsetting cash flow quite a bit - when you accelerate depreciation, it doesn't technically do absolutely every depreciation item in year one, so there still is going to be quite a bit of depreciation to offset your cash flow.On top of all of this, the tax benefits largely are going to come in year one to offset your income.

Not sure of the technical reasons behind it, but a call to a title company with a title attorney should be able to answer this for you with detail.Cheers!