If the loan officer asks for just personal debts, then don't disclose any business debts including debts on real estate that if that debt was qualified for by the business.2.

We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.

I know that interest on the acquisition loan can be included in the cost basis since it’s inventory.

For example: We provide tax preparation and advisory services to people who invest in commercial (including multifamily) real estate, and high w2 earners investing in short-term rentals.

The Homeowners Insurance will include Builder's Risk.

Full gut renovation, including but not limited to full replumb, full rewire, complete mechanical upgrades, and new apartment finishes from studs.

Your 'cost' should include everything, from land purchase, soft costs, holding costs, and hard costs.

@Blaise Bevilacqua - I agree with the added expense items that others have called out including vacancy, repairs/maintenance, capex, unit turns, and low insurance.

Because, for instance, if I am flipping a couple of properties and I am in the middle of the rehab, but it will take a couple of months for them to get finished and sold, I may be paying $4000 on hard money debt payments per month, and if that debt is included in whether or not I will qualify for a refinance, then I may not qualify.

Or at least report it.