Revisit your strategy annually to adapt to changing goals and market conditions.Good luck!

We are not real estate professionals.1) How would you handle the classification of the property in the 2023 tax year and would you utilize a STR depreciation strategy?

Then she still only makes 2% extra for taking the risk of you not paying versus a bank.

the value added versus cost to add, especially in single family zoned areas, typically results in a large negative initial position.  

Working with a mortgage broker that specializes in DSCR loans will help you find better rates and programs such as lower DSCR ratios such as a DSCR 1 ratio for better terms versus needing a 1.2 or 1.25 DSCR ratio (more on that below).

Are you thinking about managing versus a property manager or are you also thinking of selling as well?

I'm just not seeing any strategy that can offset to any significant degree, the depreciating nature of either asset.  

So, I'd look to the other properties and ask whether the ones on the street also had only street parking versus access to a driveway.

HI, almost 11 months ago I purchased 3 duplexes and I borrowed the funds from my personal residence which I took out a equity agreement for the down payment on the investment property, great idea at the time because I...

Or we gradually perform high-quality updates for a live-in flip, then roll the equity into a new home.Regarding rental income, we aim to boost income, lower our effective tax rate by generating more low tax-drag income with rental income (since there’s not much we can do to lower out W2 tax bills) and have retirement cash flow.To compare the financial impact over 10-20 years, we want to analyze renting versus flipping.