Depending on the exact scope of your intended business plans speaking to an attorney or CPA might also be recommended. 

Hi Nick, I've been reading for a year now that multifamily new construction has ground to a halt due to rapid increases in construction costs, insurance costs, financing costs and also due to mass overbuilding in 2019 to '23, causing huge supply in 2024 and 2025, which is now putting downward pressure on rent growth?

The home has a foundation and we plan on restoring the structure to have it classified as a single family residence, and then to lend against it.

Personally, I am not a big fan of owning dirt unless there is a much larger and more lucrative plan.

So, go ahead and find a cheaper vendor - guarantee you can find one.But, most won't be licensed and insured to protect you from lawsuits.Oh, and what do you think your chances are of getting a cheap vendor to come back and fix something under warranty?

I plan to do it eventually, but not until I get my feet wet. 

To decide whether to evict one or both tenants, consider factors like immediate need for living space, rental income, and renovation plans.

Hey Scott,To start discussing investment opportunities for purchasing the assisted living facility:Prepare a Business Plan: Outline your vision, financial projections, and strategy for improving the facility's performance.

Insurance company now refuses to share their part of the cost.

Hi Pradeep - depending on how quickly you plan to complete the rehab, it may be worth exploring your available resources for refinancing as well.