I still made a ton of money net, from original cost basis to after splitting things unfairly.

From Excel, I originally switched to QBO, but I had to do quite a bit of finagling to build it properly for my use as a REI.

It’s so serious that, beginning January 1st in California, any lender who knowingly originates a consumer-purpose loan misrepresented as a business-purpose loan can face criminal charges and jail time.

Quote from @Dongzi Wu: The original one was deleted, creating this new one. 

Turned out that the house had been owned by a family who lived there forever and ran a small beauty salon out of the house, so one of the bedrooms had been turned into the hair salon and the dining area turned into a foyer.

I believe that the ARV I originally thought was correct of 160-165k which after a cash out refi will get me my money back and then be about break even.

I'm originally from San Francisco and ran into that same issue back in 2021.

@Scott Trench what happened to the original thread?

Originally posted by @Tom Carmody:I’m newer to investing and came across a condo for sale in Florida which apparently is a “condo-hotel.”

Cap-ex was needed for:* Original 1960s kitchen, appliances out of order* Original 1960s Pepto Bismol colored tiles in the bathroom* Tobacco and marijuana stains/odor in every room* Stained carpet covering damaged hardwood* Broken side door from forced entry by police* Zero recessed lighting with 3 layers of blinds on every window* Lots of trash in the basement both on the floor and mounted to the joists overheadCheck out the Zillow listing at: https://www.zillow.com/homes/119-Jasper-Pl-Alexandria,-VA-22...What made you interested in investing in this type of deal?