You can do your business your way which has predominantly been telling everyone (through a lot of good posts, but also a lot of cut and paste posts) to do it the way you do it, which does work for some, but also does not work for many others because they don't put the work in.The reason I have always thought you were selling is because you always are.

I have worked with many lenders that will give you the run around, ask for more items, with no clear cut guidelines. 

As you can imagine, it drastically cuts down on the amount of water use when the tenants have skin in the game.

And it includes - NOI, Appreciation, Amortization of the loan, and depreciation writeoff.The total of these will paint the picture of how your properties are actually performing.What is interesting is that each of these components will react differently depending on where and how you place your next investment. 

If not, cut your losses, sell the home and learn from your first investment. 

When you do your first renovation, the last thing you want to do is to cut corners.

Up until now we have been using Evolve vacation rental to “manage” our properties and to cut a long story short, we are ready to take it on ourselves in order to scale our business.

Don't cut the corner on this one to save money.

I concur with Jay: it's all in the discount and $100k doesn't cut it.My 2 cents,Mike

Section 179 of the Internal Revenue Code allows businesses to deduct the full purchase price of qualifying equipment and software up to an annual limit.In 2024, for example, taxpayers can expense up to $1,220,000 of qualified assets.This election can apply to many types of tangible personal property, such as machinery, equipment, and off-the-shelf software, which are used predominantly in your business.Limits on Section 179 ExpensingAs attractive as Section 179 may seem, there are limits.For tax year 2024, the maximum investment limit is set at $3,050,000.If your business places more than this amount in service, the amount you can expense is reduced dollar-for-dollar over this threshold.In addition to the dollar and investment limits, the amount of your Section 179 deduction cannot exceed your taxable business income for the year.This means that even if your business invests heavily in qualified property, the deduction could be limited by the business’s profitability.Also, not all property qualifies for Section 179.Real property, like buildings and structural components, generally does not qualify unless it is "qualified improvement property."