I just wanted to get confirmation from the pros.

It also allows you to determine how fast you want to pay back the loan.

Many investors start their journey by diving into individual distressed property deals, but if you want to grow into a high-volume operation, it’s essential to change your mindset, strategy, and execution.

We want to rent it out.

Additionally, the property includes an outdoor swimming pool.The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.

But to really answer your question - from an outsider's view - things have tightened up and continue to be tight....deals are harder to find, and interest rates make some good deals just average.  

However, the process was extremely cumbersome, communication was inefficient, and the loan fees were inflated compared to other deals I have seen from fellow investors.We will be ready to begin the refinance stage of our next project in the coming days, as renovation is finishing up and we are screening tenants.

@Krissi Miramontes sounds like it was a nice project.

Going through a divorce and trying to decide whether to keep our rental properties or to sell them.

Definitely no way to do a full gut rehab or close to that for $50k today.