I began the renovation process by enlisting the help of a relative and some of his friends to gut the interior.

We are renovating it as it needs work.

You will also need to vet out contractors in the area to ensure you that they can stay on top of your project and will do what they say.

I have renovated with contractors and some DIY.

Are there specific lenders which are easier to work with for small multi projects?

I will gladly assign you some remedial tasks associated with my projects and for your efforts and generosity I will assign you Co-GP title and send you out into the world to misrepresent your capabilities and track record to raise capital from others.

Renovated in 2023, annual gross rents $144k + utilities.

Here's her most recent thought on the matter if it helps: "Lack of inspection during building by project managers [is the problem].

Hi thereAccording to IRS guidelines, once a property is ready and available for rent, meaning after you completed the renovations. you would  be able to deduct expenses. snce this was your main home,  the tax accountant you will use will need to do a conversion from personal residence to a rental for depreciation purposes. the improvement you made, depending on what they are, may be added to your basishope this helps

First thing I notice is the big jump in ARV from the Total Project Costs.