Also having a higher proportion of revenue generated through the residential component of the building does make financing easier. (3) The exception to the 80% rule I abide by is when the commercial space is leased to a credit tenant with a proven & sustainable business  or where the space presents the opportunity to attract a neighborhood amenity F&B operator (this is most beneficial in instances where you have a larger localized portfolio where these commercial tenants can positively impact the value of your overall residential portfolio).

That’s an incredible accomplishment, and you deserve a lot of kudos for reaching this milestone.This might be a simple question, so thanks in advance for humoring me—does the property still cash flow if it were financed with a mortgage?

Through a lot of conversations and connections, someone has presented me with the opportunity to buy an 8-unit multifamily property.

Charlie called back today and told he is waiting for court hearing and will present his findings, basically the same as you shared above.Regards!

What I cannot endorse is the misleading presentations by some cost segregation companies to sell their services. 

@Keonhee ChoThe Austin area presents challenges in finding properties that cash flow, especially with BRRRR, due to high property prices and rising rehab costs.

The rules for who may represent an LLC in a court depend on far more information than is present.

to me I view an inspection contingency as you do it and if something is wrong you present it to the seller and say "hey fix this, reduce the price OR if it was major and really bad just walk away".If no inspection was done, then its unethical but reality is its not worth a seller to sue over it.

Once you read the explanation below, you will understand how REALLY bad things can be if you don't get the letters but go through with the purchase.First, the owner/seller should have a clause in the lease requiring tenants to sign (or object to in writing) tenant estoppel letters if presented to them.

This property presented a perfect value-add opportunity with its low purchase price and potential for high returns.