I've done this on one house in order to cut costs - since then, I've added a meter with the utility company but it's a good workaround for the short term. 

You should only be liable for tax on any appreciation since you inherited the rental (minus the cost of your improvements). 

Bonus points if they’re used to working with investors or can help keep costs in check while maintaining quality.Cheers,Kevin I would say this about BRRRRR, especially as a newer investor. 

Most DSCR programs will want you to have owned the property for more than 6 months to allow you to use appraised value instead of cost.

We almost went with a loan that we have to pay all the cost upfront and then get reimbursed on the back end and that was just not something we were willing to do.

If you think you will have it for less than 4 years I would say go with the HELOC because you have less origination costs.

It hurts the tenants ability to find another rental, nobody wins, and it takes forever costing you money. 

Whether you're curious about cost-effective renovations, navigating building codes, or optimizing a property's layout, feel free to reach out.

We currently work with many clients who do Cost Segs and using that STR loophole!

My model is NOT good for LTR as it's not cost effective.