The only additional thing that needs to happen is make sure appraiser makes note of why the value increase in as is vs previous purchase price.

They have been historically reliable over the last few years but I am hearing some rumblings of reduced leverage, slight increase to rate, or some kind of minor tweak to DSCR lending with some programs.Happy to jump on a call if you have any questions or concerns.Good luck!

but let me know if i'm missing something That was the plan, and honestly my current mortgage is less than 1300/m so with the increase it is maybe double that, which I can deal with.

While a properly maintained TN LLC might be sufficient for those who diligently follow corporate formalities, the additional layer provided by the Wyoming entity can offer significant extra protection, albeit with increased complexity and cost.

Plus lime is increasing in usage.Downsides.  

Properties like the Michigan complex offer a unique entry point, combining cash flow and significant upside potential.Immediate Cash FlowThis particular property is projected to deliver 6% annual cash flow from day one, already exceeding the yield of Treasuries.Value-Add RenovationsThe property includes hundreds of units that can be upgraded to Class A finishes, justifying rent increases.

If you have a high level of faith in the company you are working with, then time will do what it is supposed to do and increase your IRR.  

We have created work instructions for every step of the process so we can maintain consistency in how we evaluate properties, communicate with tenants, market our properties, handle rent increases, manage property turnover, etc.....

You haven't seen it, but you know automatically that that you can increase the rent by $25K a year?   

However, note that claiming additional depreciation will increase, not decrease, depreciation recapture tax (up to 25%) when you sell.Key Considerations (Updated for 2025):1.