Our business insurance premiums were $34k+ last year.

The good news is, if it's your primary residence and you've lived there for at least 2 of the last 5 years, you might be exempt from this tax up to a certain limit.

I'm always happy to connect with investors in the greater Richmond area and share what I've learned from helping investors over the last 10+ years finding properties and negotiate deals!

In the texts he told me he was moving to Minn and when I last saw him he appeared sick but when I asked how he was doing he just said awful and didn't want to talk about it.

@Eran Withana I was in the same situation as you last year.

For my Gatlinburg / Pigeon Forge cabin - January and February ultimately had similar numbers as last year, but at times it looked bleak. 

I took a break after my last ADU build but seeing this definitely has me thinking about my next project.  

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

He kept avoiding our requests and said we should claim it in our 2023 taxes instead… The last straw for us was when he tried to charge us another $7.5k to file our taxes which obviously ended our relationship instantly.

Codey, I own both properties in Columbus and Dayton (University of Dayton Campus) where I own a SFH that I BRRRR'ed last summer.