@Bryan HartlenManaging low-end properties can be demanding due to higher tenant turnover, increased maintenance needs, and frequent rent collection issues.

While rates may not decrease, the significant double-digit increases should level off.

Hopefully kept good records of improvements / anything to increase the basis2.

Its a nice little cheat/loophole on the mortgage side that can help afford a larger home pice and increase your chances of getting a home or other loans.If you have any questions feel free to reach out I am always happy to help and go over the basics.

FYI, a Cost Segregation Study will "not" increase your chances of an IRS audit.

In beach markets, in ground pools tend to increase revenue 20% or so. 

Pace was the only one I encountered who showed up live, who is living these deals out every day and consistently finding ways to deliver (increasing) value to his community.

Prices have increased (higher terms/rates) as the fed rate has gone up so you have seen people who could get 8 or 9% now in double digits.

Throw in that you can dramatically increase the value of the property once you show consistent rent rolls much higher than when the space was used for LTR, and you have a big win. 

Ditch the red rug, increase art and add dresser, bedside tables to bedrooms.