There are a lot of specifics pertaining to this and every lender is a little different in their interpretations of guidelines.

If the fireplace is just in a spare area of the property, I’d leave it as a decorative feature to enhance the cozy vibe.

If anyone has any other suggestions about alternative strategies in the area that could facilitate cashflow, Id be all ears.

We are a massive appreciation market. 

-So currently own 7 units in central MA area, soon to be more after my next refinance in 2 months.- Now helping other investors achieve their goals, whether you are brand new or a well seasoned investor.How I Can Help: -Connecting investors with trusted contractors, lenders, attorneys, property managers etc.

We are entering the prime buying season - find other local investors and get their interest.With that said, there are a couple things that are unclear from your post. - The as is appraisal was for 275K,yet you are now expecting that it would be a reach to sell for 220K.

I would choose the strategy that best fits your strengths (unfair advantages) and what the market in your area demands.

Here are a few innovative strategies that have been game-changers for my portfolio:- Co-Living Spaces: With affordability concerns rising, co-living setups are attracting young professionals and students.

@Brooks McCarvel - MBAs are a dime a dozen and IMO are not really that useful except to get promotions.

Hi everyone,I'm a new home buyer from Bay Area and trying to get pre-approvals in place before I start making offers.