Quote from @Ashish Acharya: @Niklas Zhu If you tear down your STR in 2025 and convert it to personal use, depreciation recapture does not occur at the time of conversion.

I was sent an offering memo by a broker selling a multi-family building in an area no reasonable person would even consider affordable housing material yet the marketing materials made a point of emphasis to detail how the property would satisfy the need for affordable housing.

I think its a scary feeling, like the cost of entry is too high.

I personally ALWAYS use 30 days as the time frame to close in.

Feel free to ask any questions.

Really the person that is going into the flipping game should know the market very well to do these comps on their own, and back it up by asking their trusted real estate agent/professional for confirmation.

Feel free to comment below or shoot me a message or colleague request. 

I live in a lower-income area, so I figure that the better tenants you will get with a safe house, the ongoing safety the tenants feel, and the lowered risk of a break-in (when occupied or vacant getting ready to lease), and reduced headaches/vacancy/potential damage are worth the marginal up-front cost of having it installed.

Are you buying the property in your personal name or LLC?

You will quickly find, as you generate local person-to-person relationships, how many opportunities open up!