Allowing a property to fall even further victim to rising interest rates and decompressing cap rates is extremely irresponsible and waiting will cause even further losses or foreclosure.Foreclosure - No banks yet have allowed principal deferment, payment deferment, or temporary rate adjustments yet and are not afraid to seize properties.

There are also signs of a cover up at the base of the foundation because there are new concrete blocks there to hide the foundation and a temporary drain placed nearby to prevent water from reaching the foundation.

My question is how do I exit the home, place my family in a temporary house in the new city, and use the proceeds from the sale of the investment property to roll into another investment property.

For instance if you bought a million dollar temporary staffing business, and had a 30,000 profit, you would pay taxes on all the profit.

I'm not sure if it's a temporary over supply or if it will last.

you certainly do not have enough from CAPEX to repair it. maybe enough to put a " Temporary tarp" for a few years. your average tear off and replace roof will run you about 300 - $400 per square ( 10' x 10' area ). best not to figure that number and rely on the cash flow without it. personally i keep all the income in the companies checking account ( my goal is to get that to about 10k ) then you can distributions to yourself. the money is there for emergencies.

Depreciation is a temporary faux tax break that they'll get back eventually unless you use the 1031 and estate/retirement planning to position it to not impact you in your lifetime.  

Would like to subdivide the living room space to create a 3rd bedroom with temporary walls for renting purposes.

See the chart below for more information.If a Local Ordinance Doesn't Exist, Doesn't Apply, or has Expired.If your city or county hasn't enacted any eviction protections-or it doesn't apply to your situation or has already expired-you still have some protections under the temporary eviction freeze in the courts.

Bigger Pockets Nation!

After about 3 months of listening to Bigger Pockets Podcast, taking furious notes and reading through many forums as I have questions, I'm ready to make my first post!

My wife and I just had a...