If you have a strong foundation with capital aside it's easier to stomach.

If your DSCR has improved or market rates have dropped, refinancing might secure you better terms and improve cash flow.

that said, investing in bitcoin takes some stomach as the swings are huge. 

I'm sure the numbers look bad, and they think they can improve them, reno and increase rates by 25-30% and that is the business plan. 

Our team transformed the property by investing $35,000 in targeted renovations, focusing on modernizing its appearance and improving functionality.

But we already get deductions for maintenance, repairs, and improvements.

Marketing and home improvement activities may count as well, provided they are directly tied to property operations.2.Time Spent by OthersThis ties back to keeping a logbook.

If I understand correctly you'd be purchasing the land, and improving it and splitting it into the appropriate "buildable lots". 

Many investors make the mistake of over-improving their purchases in Class C/D areas, which when damaged by Class C/D S8 tenants - costs them thousands.Another fallacy of S8 investing is that the S8 Caseworker will keep the S8 tenant inline by threatening to take their voucher away.- The reality is this depends on each individual caseworker.

People think it's so easy to just find a deal that when improved, is going to give you a 25% equity position so you can get all your money back when you refi.