Close to $400k depending on my local market.

Especially with higher interest rates and also location dependent might be more geared toword appreciation. 

Whether or not the note holder chooses to do anything depends on many factors, not the least of which is the interest rate being paid on the note I question vs the current market mortgage rate.  

Their needs vary over time and the market interest rate varies.

@Erica Schubach I would say if you have a HOA, it all depends on their regulations, but from what i have seen most HOA in Kansas City area or the cities that are better areas like Lee's sunmit, overland park, they prohibit short term rentals, plus the rules of condo are much more complicated and more strict than single families or townhouses.

The answer is going to depend largely on what you intend to do going forward. 

Hey Faiz, It will depend on the type of loan you do.

It's circumstantial and depends on the services and value the service provider brings to the table.

Things may get a little more complicated depending on your specific situation, but that's kind of the general idea.

The assets purchased would be considered "placed in service" in tax year 2024 and would therefore be able to be expensed/capitalized as applicable depending on the treatment of the assets.