I would think carefully about selling versus doing a cash out refinance.

So use the tools of the internet to show people that you are a savvy business person, and you will start attracting capital versus chasing capital (but you need to chase first).

I would calculate and compare the numbers of, first what the property might cost you to hold onto it versus selling and repurchase at a higher interest rate without a 1031 exchange.

Seemed like QB would be good for a rental, but since with flips you have to capitalize every cost and everything is essentially on the balance sheet (versus the P&L) it didn't seem to work properly. 

While small demo projects are typically better to have built into carpenter's bid, versus hiring a dedicated demo crew, each scenario will dictate that.  

Hi there from another Pittsburgher,Yes you'll want to get an appraisal done now, specifically so you can figure out what your stepped up basis is and then that way your brothers and you know you all got a fair deal.Second, take a good look at what you need to do to rent it versus what you would like to do. 

I have an excellent credit score of over 800 and am looking for advice on what mortgage rates I should expect for a 25-year or 30-year loan.Additionally, I'd appreciate any insights on the benefits of opting for a commercial loan versus a personal loan for this type of property.Thanks in advance for your help!

@Gabriella Pellolio I can’t speak to the strategy with LLCs, you should probably talk to a CPA but I think generally they would recommend that you have a separate LLC for your interior design business versus your real estate investments.

If it is a security, I've read quite a bit about Rule 506 exemptions and the impacts of having accredited investors versus non-accredited investors - what is everyone's experience with this?

I would wager that if you haven't sat down and done a tax plan before, spending a few hundred dollars with a tax pro could save you tens of thousands in the long run.