I personally own in Racine, and I am expanding my portfolio into Milwaukee. 

This is advantageous bc later you have a third party loan (not your personal money) so seasoning period is 90 days to DSCR out. 

Unfortunately, this problem waste a lot of my time that could be spent on other investments.I have used the same tax professional for many years and he is very educated, but also much older than me and it's hard for me to understand all the reasons he has expressed why is better to put the rental on my personal tax returns.

I have personally used the BRRRR strategy over 40 tiems my self in Memphis.

My team personally has pivoted to more local affordable housing with local and county grants and incentives and we'll leave the more complex LIHTC deals to the big firms.  

Hey Makani, you should check out DSCR loans, which are primarily for investment properties and focus on the property’s income potential rather than your personal income.

This is what I heard third hand, so not sure if it is true but i believe the person got this from the PPM which was noting where the monies were going. 

@Shawn Questa I agree with you that there could be some opportunity here, but personally, with that little equity in the property, I'd wait for the pre-foreclosure process to start and  perhaps you can do a short sale (though I don't know the details on how that's handled in TX).

I wouldn’t personally recommend it, as office vacancy rates are currently quite high.

I don't personally care about checks anymore so that wasn't an important feature for me.