Looking in the Texas area for my first deal of 32-64 unit MFH. If anyone could include what to look out for in a good deal and a bad deal

In the past year we've been through the ringer financially due to bad contractors, deal promises, and generally just being new to the game.

Historically used online software without much issue.Now that I'm looking at the settlement statements from 2004 and looking at a sizeable depreciation recapture hit, I came across a number of questions / issues:1) I believe in 2010 I incorrectly set my basis (I did not include the parking space and upgrades to the units - granite, flooring, etc.).

If you have an Aldi near you it was a game changer for us. 

@Berry Starnes, @Evan O'Brien Its really not a complicated process.Once you log on to your TSP account online; on the left tabs there is an option for TSP loan.

We all have a common reason for being in the room or on the online call. 

Welcome to the community and be ready for a huge amount of information at your finger tips.

HI @Jonathan JacksonHere is a tip for you as you begin your REI journey. 

Any tips on balancing renovation costs with tenant expectations when preparing a property for midterm stays?

Quote from @Michael Baum: Hey @David Rutledge, the purchase of a small hotel is a very different animal than SFHs for STRs.Like @Luke Carl said, you will have to have some significant skin in the game.