Hey @Matt Smith 👋🏽I agree that it's not worth renovating the basement - too costly.

Asking $600k and worth about $500k. 

DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

Hey everyone, for my first flip, is a fire damaged house worth it (purchase price 40k-50k 3br).

I would say the home is probably worth around 575-600K.  

I’ve got 18 SFR in Grand Prairie, Arlington and Fort Worth.

The home office deduction cannot increase your passive losses:You can only deduct home office expenses up to your net rental incomeIf your rentals are already showing a loss, the home office deduction won't helpExcess deductions carry forward to future yearsMust apply §280A limitations first, then passive loss rulesExample: 🔢Rental Income: $24,000Regular Rental Expenses: -$20,000Net Before Home Office: $4,000Home Office Expenses: $3,000 [using allocations, not the Simplified Method]Result: Can deduct full home officeCounter Example: 🔢Rental Income: $24,000Regular Rental Expenses: -$26,000Net Before Home Office: -$2,000 (Loss)Home Office Expenses: $3,000Result: No home office deduction this year (carries forward)Reality Check: 🤔Let's be honest - while technically you need to:Calculate net rental incomeApply §280A limitations [Consult your CPA on this!]

A contractor left a back door open one day and someone walked into the house and stole $2000 worth of tools.

I suspect a decent VA could access public records and build a mainling list for you  or check Property Radar and see if there software will do that for you..

That would make this much more complicated, since you'd likely need lender approval.In any event, you'll want to check your mortgage (if you have one) and the lease to see if you can transfer or assign.