Vacant property might cost us s lot more than even to change laminate throughout this whole little house.

So, this deal looks good to me even with a 25% conventional mortgage at 15-yr fixed rate, 4.25% interest rate.The open house for applicants happened today; over 12+ pre-qualified applicants are scheduled to tour the 2bed/1bath unit in different time slots.

I set up Specific days and time slots when people could come over for viewing the home. 

.$32,000  60 units at $50 at 90% occupancy$5,000   Outside storage  15 slots at $30 at 90% occupancyExpenses:????????

Basically, all you need is a Title Company or attorney that can run a title search quickly and schedule you a time slot. 

Depending on the length of time held prior to 2026, there are basis step ups that occur to reduce the gain recognized in 2026, max of 15%, but note that the first of these time slots ended in 2019 (7 years), so at this point that reduction would be 10% if invested for 5 years by 2026.

"The Rona" has given Govt official and bureaucrats an unlimited ego/power trip, and they are going to do whatever they want for as long as they want and "sue me if you like" is their attitude.Honestly, at this point, I would not get into residential real estate unless you like to play slot machines in Vegas.Commercial real estate may be a better alternative. 

I would be interested in converting those parking slots into a 1br unit identical to the one above it.

If you have more equity in some of your properties, you could do some cash out refi's and re-leverage, and possibly pay off 1 or more properties, freeing up another Conventional slot for you. 

Yes The idea is to refi them into an s corp or LLC in order to free up slots to continue to buy w traditional Fannie loans and clean up my portfolio.