When we create our business plan, we also include our exit plan.We'll only proceed if we can clean this up, acquire new tenants at higher rents so we can increase our NOI, which in turn should reflect our cap rate and profits.Since this asset class is new to us we will tread cautiously.Scheduled to preview tomorrow. 

Create rooms within existing square footage, look into ADU properties, etc. 

This would greatly increase cash flow and create equity.

Combining HELOC and private funding is also viable.This post does not create a CPA-Client relationship.

Don't over think this, pull the trigger actions create results. 

Let's create an epic goal thread for 2025.P.S. - this is not an invitation to send me (or anyone else) deals based on my buy box. 

I'm looking to create the dream with many fix and flip opportunities this year in Kansas City and I want to outperform the incredible year I had in 2024. 

While I live in Idaho, I am interested and willing to expand.Fix n Flips create my cashflow so I can rent to retire.

I agree with everything said in this post, it is a hospitality business and superlative customer service is a must. 

A few reasons I choose to bank with them:-Very easy to set up business bank accounts under my LLCs-Option to create virtual accounts under each LLC.