.* Before everyone piles on about RE Pro (yes, that is one way to do the offsets), realize that at the disposition of an asset, Cap Gain unlock passive losses to be used against all income. 

The key of BRRRR is buying a property under value with unlocked potential.

Just fix them and move on.Thanks, but the configuration of unlocked outer door and mailboxes + intercoms in the foyer of a multi is extremely common here.

The numbers you shared aren't great from a cash flow standpoint (no offense) and I think if your plan is to unlock the equity you have by selling, pay off debts, and buy a multi to house hack, that would be a better long term approach then hanging on to the townhouse.

You will most likely incur exploratory costs (money at risk).Maybe get control of the parcel(s) that unlocks it after searching for easements on them and finding none.If you find an easement then Bingo your unlocked.Control might be available via options.Pay attention to this upfront>>>Big parcel like this on the water my first thought in the states would be Phase I enviro. 

Who knows what the unlock while there?

Second issue - I accepted that I would have to refinance the line of credit again after 12 months, to unlock the additional equity in the home, (hesitantly) and applied for the heloc with BB&T who was offering 90% LTV & was actually DENIED because "my debt to income ratio was too high".

A resident called me and asked me to come unlock her apartment, I asked her where her keys were, she said they were in the tree, she threw them out her window to her boyfriend but they got stuck in the tree 40 feet up!

I'm going to leave the door unlocked for the next 24 hours.

Appraised at 560 as is, and neighborhood supports crazy ARVs that’s why I’m looking to unlock comps by converting to SFR or understand if there is a better way.Thanks!