To deepen my understanding, I've also picked up David Greene’s book on the topic.I genuinely look forward to connecting with seasoned investors in this community and learning from their real-life experiences.

The other thing could be tracking what you have had come up on the last 5-10 projects after closing, i.e. the water heater was at the end of life when we bought the last 6 out of the last 10 properties.

Your LTC leverage is also very similar to a bank construction loan but between origination fees and interest charges you will incur  ~$20,000 more in finance charges during the life of this renovation project.

And what is this air of superiority in this place..so in your little internet world 21 posts means you're less of a human being, gotcha, again that's in your little internet world 

People who say it depends on the market and property can’t be real human 😂 of course you need to adopt it.

My personal example is a one bedroom condo I’ve held my entire adult life - and this is in a top tier market - Dupont Circle neighborhood in Washington DC.

If you engage with tenant drama all the time you'll be doing that 24/7 for the rest of your life.

I already have money left in the property and hesitant on sinking anymore in.  .If there isn't much equity, and there is so much to fix to make it livable, why not do a "deed in lieu" with your lender and move on with life?

@Nate Pucel The depreciation basis for a rental property includes the purchase price plus the cost of renovations and improvements that add value or extend the property's life.

Do you want to have airbnbs all over the country and travel between each of them and living an adventurous life?