Maybe you did not explain it right, or maybe they want to see you succeed on your first deal then will throw money into the investment the next go around.

If you see someone violating the rules, create a post with "@moderators" and we will receive a notification and respond.Again, welcome to BiggerPockets and happy investing!

I think that it is a good long term investment with some serious upside, but don't kid yourself - your car (or your tenant's car) will likely get broken into at some point.

Capital loss carryovers can only offset capital gains, which usually come from assets like stocks, investment property sales, or business asset disposals held for over a year.

Quote from @Richa Wardhan: Hello everyone,For those who call St Augustine home/ investment home , how challenging is the process to build an ADU on your property in St Augustine?

You can do a cost segregation study on pretty much any property you own as an investment. 

I am wondering how they are as an investment these days.

My name and my daughter’s name(s) are also in title and the loan.I have really good equity in both properties (six figure) with great interest rates.At some point my daughters and their husbands will move out to upgrade to something bigger.I want to turn these properties into investment properties after my daughters move out:  thinking the best way is to convert in my name only.Also considering leveraging the equity in the properties to help buy new homes/townhomes for my daughters when they are ready as well.Wondering what the best strategies would be for me to expand property portfolio, minimize tax impact , create more passive income while continuing to help my family grow.I appreciate any advice! 

For investments, you'll likely want a conventional loan for commercial properties.

Find a house that comes up on the wholesale list that has a lot of bedrooms and buy it as an investment property with a hard money loan.