A distressed owner isn't about to upgrade and repair.

I just don't like it when state starts to "worry" about adults making conscious decisions in their own lives.

Renovating 4 units and upgrading exterior What was the outcome?

I'd like to use these to upgrade into something much larger in the next 2-4 years. 20+ units.

Prioritize high-ROI renovations such as kitchen and bathroom upgrades, flooring, and enhancing curb appeal.

So, a 1031 can be a good move if you want to keep deferring taxes while upgrading to an apartment complex.

The most popular strategy is to househack if you're able to just trying to learn and understand the market then people usually will upgrade to large multis and fix and flip.

Example would be for a SFH fixer upper in grandma condition:   $10k for demo and permits and prep, $10k for wall removing and layout revising, $10k for basement framing, $10k for drywall, $20k for paint, $30k for flooring, $20k for kitchen, $20k for baths, $20k for any MEP upgrades, $10k for trim work, $10k interior finishes 

The development is expected to bring thousands of permanent jobs and promote sustainability, including eco-friendly features like walking paths and tree plantings.

10/16/24 - Update:I finally reached out to our HD contact (Brian) and he initiated the process on October 18th by forwarding my email to an internal contact and requesting the upgrade.