Additionally, many states offer property tax exemptions, significantly reducing expenses.

These high taxes discourage property owners, especially those who have held their properties for many years.While efforts have been made to address this issue, it's time for a fresh, common-sense approach to housing affordability.Instead of penalizing property owners, we should incentivize them to sell by eliminating federal capital gains taxes and offering tax credits for sales to owner-occupants.

I they accepted an offer of $118K from my brother but since he couldn't get the loan, we're starting over.

It offers a lot more than just rent collection.

Invest with syndicators who have a narrow niche and proven track record.For example, if an operator has done 5 or 6 workforce housing value add deals in Dallas, and they are offering a similar deal now, that would be encouraging.if however, their current deal was a brand new luxury Class A building in Charlotte and this was their first acquisition in Charlotte and their first class A deal, as an LP I would pass.Find operators who do one thing and kill it in that space.Find operators who own or have gone full cycle with similar assets in the same market.For example, my firm, Spark Investment Group has a very narrow niche - sub 100 unit MF or BTR in Greenville SC.

Both investments can offer tax benefits, but real estate typically has the edge.

The number of DSCR (Debt Service Coverage Ratio) loans a lender will offer can vary depending on the lender, your financial situation, and the property cash flow.

An offer was received that I accepted. 

I was going to wait to build my portfolio bigger before starting an numbered company, but I'd like to hear what the BP community has to offer in words of advice.Here are the current numbers I'm working with.

The property offered a balanced investment opportunity—enough to significantly enhance its value through renovations, yet manageable in scope and cost.