Also to note my brother is a journeyman plumber who is willing to help on any plumbing repairs should they come up.Financial ConsiderationsThe numbers look good using the BiggerPockets calculator, but I have concerns about our ability to pull off a BRRRR strategy due to cash reserves and DTI constraints.

I don't frankly know I have a dinner with him in a week or so will get more detailI know he bought a facility .. he owns dirt all over Oregon so that's not an issue.. and I know he has the financial ability to execute.. what I don't know is if he has just done these so far for his own account or has sold to the public.Standby I will find out and report back..

You do have a lot of leverage, and your comfort level is a personal decision for you based on your finances and ability to sleep at night. 

They are properties circulated to long lists of unsophisticated buyers and if you are the highest offer you’ve likely outbid a bunch of prospective buyers who underestimated their improvement costs or overestimated their ARV while most likely  proceeding without the ability to perform normal transaction diligence.

FL appreciation - property is still fairly newish and don't want to miss out on potentially solid capital appreciation in next 5-10 years - assuming that happens-Other caveat is ability to sell in coming few months without paying any capital gains taxes, which will not always be the caseThere is no crystal ball, Appreciation is/was the goal but who knows if that will happen and at what rate realistically with increasing costs of ownership here.

Text and verbal agreements are legally binding in Virginia (where the rental is).I really believe she initially intended it to be a year long renewal, as she also remarked she was very happy, as it is only a block walk for her daughter to school.She now has a boyfriend (he hasn’t moved in), and a house they want to move into together, so she is giving notice.She is focusing on the clause in the lease that states: “HOLDING OVER: Any holding over after expiration hereof, with the consent of the Owner, shall be construed as a month to month tenancy in accordance with the terms hereof, as applicable.

They come to realize  fractional ownership in a semi-active project with far less control is not as advantageous and eliminates the ability to build the more personal and meaningful relationships with lenders that comes with going through the more natural progression of growing a portfolio and business. 

Text and verbal agreements are legally binding in Virginia (where the rental is).I really believe she initially intended it to be a year long renewal, as she also remarked she was very happy, as it is only a block walk for her daughter to school.She now has a boyfriend (he hasn’t moved in), and a house they want to move into together, so she is giving notice.

In some states, the taxpayer has the ability to redeem the property for [insert time period] after the tax sale.

There was a bill in Congress aiming to extend or modify the bonus depreciation provisions, but no definitive changes have passed yet.