However, be mindful of the Section 461 business loss limitation, which could restrict your ability to deduct excess losses in a given year, depending on how your rentals are reported.This post does not create a CPA-Client relationship.

Hi Nick, I just joined the community myself and was thinking of making a post when your name stuck out to me!

I will post some before/after pictures of the property if anyone is interestedMy favorite room in the whole condo now

It surprised me that he found a good BRRRR deal on a DM from a forum post... so here I am (because why not open up every avenue I can to reach my next goal.

I agree with @John UnderwoodI remember you posted about arbitrage last week. 

The ground floor was redesigned for retail units, while the upper floors were converted into modern, open-concept office spaces.Modern Amenities: Introduced features like energy-efficient lighting, upgraded HVAC systems, and high-speed internet infrastructure.Aesthetic Upgrade: Refreshed the façade with contemporary materials while preserving historical elements to maintain its character.OutcomesIncreased Occupancy: The property went from 40% to 95% occupancy within six months of renovation.Higher Rental Rates: Upgraded spaces commanded rental rates 30% higher than before.Enhanced Property Value: The property's appraised value increased by 50% post-renovation.Investor's ROIBy investing in smart architectural design, the investor not only revitalized a neglected property but also significantly boosted their ROI through higher rental income and property appreciation.

I read a post of a guy who had the coins to keep his collateral from getting sold, but couldn't log in to assign them to his account.

I agree with everyone posting on this topic here @German Fernandez, @Tyler Munroe, @Deirdre Lizio.

To find the best community bank, I would post in a local facebook group and ask which are the best local lenders to work with and ask for a specific contact.  

Just did a forum search for Buy Box criteria as I am in the process of trying to put together a worksheet I can use for future REI deals and came across this post.