Asset protection is an obvious reason for many, but if you are sued, in reality, the opposing attorney will do everything to get to you personally, anyways.  

This would help you avoid sinking more money into a property with marginal returns.

If you have a galley kitchen, you just need to cut for the sink etc so you could get a basic granite countertop kitchen for under a grand.You can't be picky and you have to search around, but it isn't that hard to do.

Take care, Pat & JasperTurning investment visions into REALITY in Phoenix, AZ - Ranked #1 for residential real estate growth and opportunity by PwC

While its nice to borrow as much as possible, the risk involved can sink someone as in most instances their is personal guarantees involved and lenders will bankrupt sometime to try and get every penny they are owed. 

If you ever want to bounce ideas off someone who's been around the block a few times, feel free to give me a shout.Pat and JasperTurning investment visions into REALITY in Phoenix, AZ - Ranked #1 for residential real estate growth and opportunity by PwC

Holding RE till death is always great in theory but reality makes it so much more difficult.   

The IRR only view is just too simple and other assumptions are too generic.The reality is you always want your money sort of levered with assets against the USD.

Batten down the hatches on your DMs because that ship will sink within one day of mentioning Columbus on here.

There's multiple strategies that work but the reality of 2024 is you'll end up in two camps, 1.