Maybe even college housing.I would think that maybe splitting it into two units might be more profitable.

I don't understand this topic very well so looking for a connection to a good real estate focused CPA to help with my filing.LLC does not change your taxes, and it's even possible that cost segregation does not.

If you get higher than that, even better!

I came to the conclusion that a cash out refi was the way to go even though it won't cash flow great afterwards (it'll still be positive about $200/month).

This will free you up to get a loan in the 2 or 3% range... even in 2025! 

But these days, even the 1% rule is often unrealistic and pushes you toward terrible areas. 

We just need to make sure the lender can do the loan without the tax map key   really depends on the lender, a direct lender who uses their own money may come down but a hard money company with 20% down on land even with other collateral may not want the deal.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Good morning/evening Everyone,I am located in Columbus Georgia, and I am new to the Bigger Pockets community.

Even if one unit is vacant, others can keep cash flowing​​.Short-Term Rentals in Tourist Areas:Think vacation homes or properties in bustling city centers.