Just because the accountant doesn't have to translate excel to quickbooks before reviewing and completing taxes.If you do hire labor, it also lets you 1099 your contractors very easily.

I'm also able to make some slight alterations to the interior due to preconstruction phase and large deposit. 

Like, 3 guideline updates ago, which translates to six months or so.

It's all just guestimation though.7. 8% is probably okay as a baseline, but I would say alter it based on condition, as above ^, also you can go WAY in depth on this (if you want): https://www.biggerpockets.com/renewsblog/2015/10/1...8.

I'm sure you already know what I'm going to say: sell this place and take the gains.You're losing money every month.The ~$265k could translate into a new investment property that will be much more profitable. ~$1MM property.Refi / HELOC doesn't make sense since the current property can support anymore debt and you won't be able to pull out all of your equity.

Owning real estate usually translates to losses on your tax return.

Also, sort of obviously (perhaps), the bigger the part of your deal the (interest free) $50,000 can play, the better… Which translates to “the cheaper the home you can buy, the better your numbers will look when you pay your balance down by the $50,000.”  

As other comments have mentioned, having weak financial skills may not translate well into real estate success as success in real estate has a lot to do with delayed gratification. 

Of course he-shes are not uncommon in many major cities.and profiles prove nothing.I was only correcting a general statement that your experiences do not translate to every where, there is not one national rule established.I do have a letter probably similar to yours that states we have not listed the property because we feel that it is more important to increase the net to you and not raise your costs by requiring a commission be paid since the buyer is already in place.

Hoping for some help with a plain-english translation of this information from my Community Banker on commercial loans:“5-year fixed rate, 10-year maturity, up to a 20-year amortization.