Would split the one large bedroom into two smaller bedrooms.

Just not a big fan of the ups and downs personally 

Market timing, properly acquired property, personal capital available How did you find this deal and how did you negotiate it?

I'm only getting into real estate now, with one property in Tokyo (single family home) and one condo in Waikiki.I had largely dismissed investing in Japan for the reasons @David Gotsill mentioned -- figuring that BRRRR wouldn't really work here unless you have a property in prime location right next to a popular train or subway station.

I'm looking to identify a builder with the following characteristics:1) Eager to grow his/her company and reputation in the market2) Has produced at least five high quality builds in Arizona which are at least 4K sq ft  3) Has proven track record of completing builds in a timely manner4) Personal capital to allocate to projects (optional, but ideal)Please reach out to me if you or someone you know might fit these criteria. are you set that you want luxury?

Yikes I am almost afraid to jump in on this one, however, I know Joe personally and he is not a scammer.

Quote from @Melanie Baldridge: In 2025 the bonus depreciation rate is 40%.This means that if you bought a property for $1M in 2025, did a cost seg study and found $300K in eligible assets that you could depreciate, you could take 40% of that $300K as bonus depreciation to offset your income in the first year.40% of $300K = $120K.You then apply that $120K to the owner’s personal tax rate to find the final amount that they can defer in year 1.If your tax rate is 37%, you can defer $66.6K.This is a big deal even at the 40% bonus depreciation rate this year.It’s a massive benefit 

Whether your at $0 or $10mm of personal cash to start with.   

If the loan officer asks you about your debts, you can ask clarifying questions such as are you asking for personal debts or business debts?

Do you have a price range and are you looking for turn-key properties or something along the lines of a "fixer upper"?