Read your original post to a person who started this thread. 

As a reminder, bonus depreciation started to phase out in 2023.

Sometimes its easier to knock down and start over. :)

If you're interested in multi-family, I highly recommend starting out with multi-family with your first VA loan as it will be easier to get a single family residence after that.If you decide to pursue multi-family, you'll want to ensure that each unit is separately metered for utilities (water, gas, heat, electricity, etc.) as this is a requirement under VA financing.  

Charleston RE market definitely not an easy market to start with compared to other markets I've been analyzing deals on.

I have more questions, but this is where I will start.

You say that you're just starting out so proceed cautiously with what you may be inclined to dismiss.  

Start by talking to your bank to find out how the debt impacts your ability to borrow and what your options are.

Congratulations on starting your investment journey.

This was a 10k and 50 point hit to the credit lesson I do not want anyone else trying start a business in REI.