In fact, after all the time, effort & money you'll have into it, I'd bet on you having a hard time letting it go.

Typically I stick to the C or C- areas to max out returns so I'm looking at 60-80k rentals with 8% caps, but I've seen investors in the last year lockdown properties here at $240k, with rents at $2,100 and cash flow at $333/month.

Instead, the property is a commercial hotel type property that you report on Schedule C of your tax return if you provide services in connection with the rentals, orA weird in-limbo property that you report on Schedule E when you don’t provide services.If the property shows a loss, you can deduct that loss on either Schedule C or Schedule E if you can prove that you materially participate.

Generally putting rental real estate inside of any corporate tax entity (C or S) is not a good idea.If you're going to wholly own the RRE assets, owning directly or via a disregarded entity (SMLLC) is generally the way to go for income tax purposes.If you expect to have ~$100k of excess cash flow each year to invest, it might make a lot of sense to spend a little time with an attorney and tax CPA who can advise you based on your individual facts, circumstances, and goals. 

I have a tenant lease renewal this month and the feedback was they would be willing to pay more if I add a/c. what is a good payback period I should expect for adding a/c or a mini split system.

Do you want A,B,C or D class neighborhoods?

He had started shorting CMBS tied to malls in late 2019, and has upped his bet on commercial going  bust https://therealdeal.com/2020/0...

For C (or D) Class properties, tenants are mostly cash based so there is no future penalty for an eviction, judgement or any other sort of legal action.

Fast forward to 2018.Background ContextAt the time I had bought a property in a favela in Brazil, I had never even been to BrazilI was visiting Rio de Janeiro for the annual Carnaval celebration in 2018 and bought on a whimI had no experience with properties in a Class C or D in the USA, and not abroadI knew very little about investing in Brazil and didn't begin to research until I arrivedWithin 2-weeks I had spent about $400 with a local attorney to expedite and acquire the necessary tax registration number (CPF) to buy propertyFavelas are appreciating faster than luxury property in Rio de Janeiro, rent is inflating relatively fast for all property types.

The answer is yes if you can answer yes to any one (or more) of the following questions:1 - If you refinance just the amount owed, and your monthly pmt goes down enough where the added CF is > or = the closing costs)2 - If you refi just the amount owed, and you can roll the costs into the loan, and their is still added CF.3 - If you do a Cash Out, and the amount "cashed out" is greater than the fees, and the CF doesn't go down.4 - If you do a COR and the amount "cashed out" is greater than the fees, but the added CF recovers the added cost within the first 6 months.If the answer is "no" to all of the above questions, then my answer to your question would also be "no"...unless there's another scenario I missed.