Everywhere I turn all I see are pitches for affordable housing and the same (not so) compelling arguments regurgitated by syndicators, capital raisers, brokers etc. for the investment strategy....strong returns...lower volatility....supply (huh?)

Hi Shyam Sridharan I would recommend to get a contractor to make all the changes.

Wishing you all the best.

As a sole operator, you have all the policies and procedures in your head and can apply them to many properties without referring to a binder.

You’ll see flashy cars, endless vacations, or Instagram-worthy moments, all promising that this lifestyle is within reach.When the lifestyle becomes harder to sell, it’s time to focus on the message.

At the same time, I’ve been seeing a lot of distressed properties sitting because owners don’t want to deal with the process—permits, contractors, tenants, refis, all that.

Since they were all Facebook folks I just went with the same basic invite.

Quickly I learned I knew nothing about the business of trucking and truly didn't enjoy it, as all those gains got depleted.

It's just going to cost you quite a bit of money to have your accountant prep all of them.

If you do have enough other income then you dont even need to lease out this property to start your refinance.However if you dont have enough income to qualify with no rental income offset then yes you will need to obtain your lease(s) and security deposit + 1st months rents deposited before you can utilize 75% of this gross income - your monthly PITIA payment (in terms of qualification on this property refinance.So all in all Id make sure what your current debt to income position is first of all (DTI) and then strategize to see if you even need the leases at all.