I am currently working on a whole house rehab.

Once you add that 3rd & 4th night to the cost, it's too expensive for those types of groups.

The Court did NOT explicitly indicate whether or not it would qualify as Section 195 start-up costs.

The investor may have access to lower rate/fees Hard Money; to be a more competitive buyer with little to no contingencies; property may be need to be rehabbed and after adding value may be doing a cash out refinance down the road.

. $425k) to purchase a 12-unit Apartment ($1.5M) with 25% down ($375k from the HELOC).The remaining $50k from the HELOC could go into fixing/rehab of the 12-units.Then cash-refinance the larger amount from the 12-units to pay off the HELOC in one lump-sum (as much as possible), then using the cash flow from the apartment to pay off the rest of the HELOC.Repeat the process with a new apartment.1) Does this make sense?

We also have consistent 5 star reviews across our MTM and the past week I've lowered the price to almost at cost but no solid leases yet just inquiries.Where else can we cross list and still get quality tenants?

I do have an umbrella policy to cover all my assets but that has nothing to do with what replacement cost is to having full coverage on a property.ThanksDaria

https://www.zillow.com/homedetails/114-S-Broadway-St-Toledo-... seller has 'described' it as follows:"The property features a new roof and updated electrical work completed two years ago at a cost of $120,000.

I have seen too many first-time investors try to gut and rehab a house and find themselves underwater on the deal. 

Is there a good strategy into buying a smaller multifamily property while limiting out of pocket cost.