Any expenses you put in to renovation or repairs are not deductible, but must be capitalized after the property is in service. 

I am a believer in Karma, so time will tell.  

Interesting in hearing feedback and pricing comparables to an off market potential deal where I have met the owner who is willing to sell his 3 units building (SFH with 2/2 and behind it an ADU with 2 other 1bed units and 2 car garage).

I'm househacking my 4bd/3ba home in Henderson.

The information contained in this post is not to be relied upon.

In September, I found a property I was interested in acquiring online.

Purchase price: $179,000 Cash invested: $25,000 Sale price: $500,000 Replaced windows, remodeled kitchen and bathroom, replaced siding What made you interested in investing in this type of deal?

Keep in mind that a rule of thumb is simply a rule of thumb. 

Does anyone have a title companies that they use for Sub2 (and Wrap) deals here in Central Florida? 

In working on construction loan financing, the lender informed me I'll need to unencumber that portion of the property (makes sense) before closing on the construction loan.I understand there to be two methods generally speaking: refinancing my mortgage and removing that portion of the property in the process OR attaining a partial release from the lender to remove that land.I *strongly* want to avoid refinancing as I have an amazing rate, but partial releases seem complex and also require a survey.