Keep in mind renovation costs will need to be cash aside from your down payment and closing costs - I'd create a healthy buffer here.

Cost segregation is a popular tax deferral strategy and there is often confusion as to the difference between bonus depreciation and reclassification.Bonus DepreciationBonus depreciation is a tax incentive that allows a business to immediately deduct a large percentage of the purchase price of eligible assets, such as washers and dryers, rather than write them off over the "useful life" of that asset.

In a case like this often the brokerage/agents get a cut of that EMD that you would typically forfeit.

Partner Driven was attracted to the Seattle Street deal in Modesto, CA, due to its potential for a solid return on investment with minimal renovation costs.

If you get into needing electrical work or plumbing costs rise considerably.

I would ask around and get quotes on how much (cost-wise) damage was done.

Louis offers affordability, cash flow potential, and emerging market opportunities but also presents management challenges, unfamiliar markets, travel costs, local regulations, and crime rates.

Cut Fed spending 50%, now not eventually, NOW, tomorrow.

This can be less adversarial and often less costly than going to court.Given the complexities involved, especially with real estate investments and an LLC, it's advisable to work with professionals who can guide you through the financial, legal, and tax aspects of the division.

So 560k loan  700- 140 = 560  X  15% =  79k in holding costs for one year.. so poof there goes your equity..