They will have to file individual 1040 returns and report that income.

However after all the work thats required which includes landscape, parking lot, fencing lighting and interior/exterior work, it looks like the presumed cost of remodeling it will be double that, although Im not positive (still taking bids).Ive priced a comparable property in our area which has similar square footage and lot size and they seem to be going between $700-800k, and so my question is: based on a higher than expected construction cost which is necessary to finish our project, one which will exceed the amount of money of what a similar property goes for in our neighbrhood, should I continue with this project, or an alternative plan would be to simply beautify it for approximately 100-150k and ditch the plans, and flip it instead for approximately 700-800k now that its zoned commercial.My fear is that if I do invest the moneys to finish the project over the budget I initially priced it for, and the business doesnt take off, I would initially lose money on this investment.Thank you for taking the time reading this.

And that's not a sarcastic question, possible answers include but are not limited to...If management/ownership has been lazy and there's a lot of vacancy or below market units, that you can rent out and/or bring up to current market, then maybe you offer a little bit more for that upside potential. 

This includes rules for behavior, use of amenities, noise levels, and any other guidelines to ensure a positive experience for everyone involved.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

DSCRs are long-term loans, so if you pay off the loan (this includes a refinance, not just a sale) within the time that your prepayment penalty is in effect, you'll get hit with a fee.

That study did NOT include the impact of yield maintenance.

It gives a nice report with comps.

Almost everyone here on BP will tell you that they wish they had started earlier, myself included.4.

The renovations included new flooring, fresh paint, a new HVAC system, updated bathrooms, and the addition of stainless steel appliances and granite countertops.