Because Florida is the nation’s largest contributor to active inventory (19%) and monthly new listings (15%), despite being the 3rd-most populous state.Florida Facts:Population: 23 million (#3 after CA with 39 million and TX with 30 million)Active Listings (Feb 2024): 125,962 (19.0% of total US active listings)New Listings (in Feb 2024): 49,294 (14.6% of total US new listings)Median Listing Price (Feb 2024): US$459KIncrease in Median Listing Price (YoY)2017: +6.6%2018: +0.1%2019: +3.1%2020: +3.7%2021: +21.1%2022: +8.5%2023: +2.2%Median Listing Price: FloridaActive Inventory: FloridaAt the state levelFlorida’s active inventory of nearly 126,000 listings is back to pre-pandemic levels.

Plus, you are totally in control. 

Space rated 3 Star is the most dominant subtype, with a total number of 392 units in this category, followed by 224 units of 1 & 2 Star space.

If you start putting another 10-20% into your property your total returns start getting lower.What i found is the gains of higher equity paydown were positive up to about 5% of purchase price, we’re about equal between 5 and 10 percent and lowered return on equity after 10%.

Commercial and residential are opposing forces in NJ (and most places) as they run totally differently.

Documentation should include details regarding the business purpose, total use of the property, specific expenditures, business usage, and dates of expenditures and use.In the absence of such documentation, deductions are vulnerable to disallowance, leading to potential penalties and additional tax liabilities.

This shift underscores the advantages of private money’s agility and long-term outlook, unencumbered by the need for committee approvals or short-term returns.Recently, large funds have been facing challenges due to immobile private equity assets (worth $3.2 trillion) as a result of reduced dealmaking and a slower IPO market leading to delayed investor returns.Meanwhile, state and municipal governments have witnessed a remarkable surge in borrowing to fund affordable housing initiatives totaling nearly $9 billion.

It sounds like the property needs a significant amount of rehab at around $80k total, and it may end up costing more than you're projecting unless you already have contractor estimates?

We could sell and get about $500k out in a gain, plus the money we put in to make it nicer so a total of $700k back.

I checked the value last month online (AVM) and it was 170K.