What made you interested in investing in this type of deal?

Maintain detailed records of all renovation expenses to substantiate deductions and ensure compliance.This post does not create a CPA-Client relationship.

People like this Scott Carson guy give "mentor" and "guru" a bad name which is just so frustrating because they are not all bad.

This is JUST TO BE EVEN, with doing nothing. 

If you haven't done so, you may want to get an estimate for a cost segregation study on these units.

@Justin Boyd just saw the location on this, I'm somewhat familiar with that market, we do quite a few retail deals in CLE and the surrounding areas, I'd be happy to give you an opinion on the site if its helpful.  

You’ve got this!

I am also interested in this.

Based on the value of a property you can likely get away with a inexpensive desk top study such as condos and you will require a more comprehensive engineering study for larger properties like a 4plex.Desktop / modeling options are sometimes good for smaller residential like you mention. 

I’m excited to learn, collaborate, and grow within this fantastic community.Looking forward to hearing from you,Jewett Richardson