When she moved out I literally saw the outline of all her furniture.

Look up the acceleration of money (old term, I know) and think about how this bank gets money from the FED at many times throughout history at %0 interest then loan that money to a home owner who defaults, they get it back and keep all the profits, often wanting as nuch as possible without regard to the buyer. they have virtually no money in the deal besides the acquisition.

You guys are entertaining and I'm enjoying the "virtual networking" with the different BP members you interview.

BP is like one big virtual mentor.

This means that the things you think may benefit from cost segregation (appliances, furniture, etc.) use their current value on the date of conversion as the depreciation basis -- essentially, thrift shop value.

From my (very) quick analysis of available properties in my area, there are virtually no properties that pass the 2% rule.

-Furniture because the costs for investment properties don't include furniture and the maintenance is higher on that,-cable/internet is usually included.

With Multifamily buildings the idea is to find amazing markets and keep vacancy and operational costs to virtually nothing.

I know they have just about no furniture as they said they are in a furnished place .

Bring those questions here and we will mentor you though it virtually.