Each unit is individually owned, with some owners holding multiple units.A few things I’m trying to understand better:Pros and Cons: What are the main benefits and challenges of owning multiple units in a property like this with a condo setup?

We have been in contact with other individuals throughout the state and they are all saying the same thing – prices are down, time to fill units is up, and evictions are up.

If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.DSCR lenders generally let you vest either individually or as an LLC.

Investors need to do a thorough background check on the key INDIVIDUALS that they would be relying on to invest and manage their money.  

The only other thing to do is rip off the band aid and shut down Evolve now and create your new accounts.

Hello BP Community,I’m new to the platform and eager to connect with like-minded individuals who share a passion for real estate investing.

Like most things in real estate, a lot depends on the circumstances of the individuals involved and not just the numbers and figures.I hope this helps explain my thoughts, and I apologize for the lack of clarity when I defined "arbitrage".

Your write offs are also not effected, so you can write off miles also as an individual owner.

SFD vs condo vs 2-4 unit, hold vs flip, turnkey vs rehab, passive vs active...it really comes down to each individual property/opportunity, what your goals with the property are, and if the numbers make sense or not.Best of luck!

Each unit is individually metered for power and water.