It seems like there's some confusion between the asset protection one would want to achieve by ensuring that personal and business funds are never commingled vs. the BMP of separating deposits to ensure they are available to the tenant when due.

I would caution you not to necessarily expect your NOI to be higher because you achieve higher rents leasing units to Section 8 tenants.

My idea to achieve this is to convert the studio into a short-term rental.I’m trying to determine if I’m forcing this deal to work by relying on the short-term rental strategy or if it’s a reasonable approach given the numbers.

While cash flow may be harder to achieve here, these markets often shine in their ability to withstand market downturns and provide solid appreciation over time.The key in markets like this is understanding your goals.

That is probably a good start to setting the goals you need to achieve to make the dream happen.

{ARMS are a different beast again}) to achieve anything beyond a token reduction in interest paid.  

Achieving a great cashflowing property, learning the process while executing, and great satisfaction of helping a family.

I hope you can achieve your ideal lifestyle.

They were selling on pro forma, but the market and the debt market have shifted, and it's aa lot harder to achieve higher pricing with lower rents.We've purchased over 2,000 units, and the simple answer to the question is that they are either mom and pops and run their businesses with ZERO KPIs, they do not want to risk losing tenants if they raise rents, and they don't treat their asset as a business.When you take over, it can be difficult to get rents to market if they are very suppressed.

A 1031 exchange the depreciation schedule travels,.8) Partnership Interest: When a partnership or other ownership group sells an appreciated asset, they do not need to remain together to achieve tax deferral, as is typically the case with a 1031 Exchange.