Converting the entire property to a rental later allows full deductions but eliminates primary residence tax benefits, potentially increasing capital gains taxes on sale.

I had 200 rentals there at one time I have zero today..

According to our lease agreement, the lease "ends at 12:00 noon on Thursday, Oct. 31, 2024.

Exit Strategy: How easy/difficult has it been to sell units in similar properties?

Quote from @Jay Martin: Has anyone heard of or used Bluebird lending they have dscr loans, etc. opened in 2018 in Philly, lend in a bunch of states, but hard to find info on them. have not heard of them but based on the website appear legit.

Good day everyone,Hoping to find out more about investing in a halfway house/sober living house/shelter care house.  

I'm not the first to talk about this strategy and won't be the last so feel free to chime in here.

We are currently in the process of Renovating this home built in 1965 and plan to have completely transformed it by spring 2025.

I borrow dollars from the bank and immediately sell those dollars to owners of commercial income property that I want to own.And then I buy those dollars back over time using the cash our tenants pay us in exchange for using our space.I'm currently shorting $10M and I can't lose regardless of who wins on 11/5By the way, the dollar will always decline in value so this thesis is applicable in any election or economic cycle.Go vote for whoever you feel strongest about, but remember you have infinite more power and that which is within your direct control. 

So now is a good time to buy if you leverage your ability to put a good amount down and close...that is attractive to sellers that are eager to get out of their property.