Polis supports the idea, if not the specifics of the bill.

I asked if you know of the statutory support for it or court cases. 

We constantly lean on their support and resources when we hit a roadblock.

A link to FilePlace is at the bottom of every page, making it easy to find.If you have technical issues, email support@biggerpockets.com, and someone will help you.

The key is ensuring the after-repair value (ARV) supports refinancing to pay off the initial funding without overextending.Fix-and-flip - This requires sharp numbers and market knowledge.

Section 179 deductions may apply to assets directly supporting your business, excluding personal-use components.This post does not create a CPA-Client relationship.

Unless you're in a Class A Neighborhood like Palmer Woods, Indian Village, Sherwood, etc,. the additional rent probably won't support the cost to build:(More profitable to take the build funds and buy another property.DM us if you'd like to discuss more...

I really appreciate the encouragement, support, and advice!

In the meantime we are talking to the property manager to find other STR's in the area so we can support a fair market STR rent. 

I find year 3+ of owning is when buildings really stabilized and rents gone up, most won’t really support a refi until 3+ years especially at today’s rates unless got a crazy deal.