I have enough for 20% down of the $7 Million I would have budgeted for but wouldn't have enough again to cover the acquisition cost and then interest payments on a construction loan.Any help is appreciated Thank you

But you will be paying the higher tax rate, since Canada is higher usually there will be a top up.

Renting allowed them to cover costs and build equity, while selling in a hot market helped them capitalize on the home’s increased value.Let me know if you’re interested in financing options for similar deals, happy to assist!

Your applicant may (or may not) have a wheelchair but you'd want to know up front if the unit suites them.

I can't speak to the specifics of AirBnB/Short-term rentals in Champaign, but I do have one up north in Chicago. 

Over time, the income will catch up to the cost.

I'm wondering if cost seg can still be done just without taking the added bonus depreciation - it seems that perhaps it can. 

Make sure the deposits are transferred and not deducted from purchase price, otherwise you will need to come out of pocket when tenants move out.You should also make tenants and landlord sign an estoppel agreement, which outlines important items and agreed to, so the tenant cannot claim to have a huge deposit later or claim that the prior owner gave him ownership of the shed in the backyard.

That’s why most professionals would need to look at everything, not just one part, to give you the best advice and ensure no mistakes are made.Hiring a professional might cost more upfront, but it’s worth it for the peace of mind and to avoid potential tax issues down the road.Best regards,Jason

I have 2 separate Property owners where im located in Maine both looking to do joint venture deals where they provide the land and I get the project lined up and funded.