Alternatively, restructure the loan with equity participation for potential capital gains treatment at lower rates.

Before purchasing a rental property carefully evaluate the appreciation potential.

.🔹 Property Tax Relief – If your property is severely damaged, you may qualify for reassessment and potential tax refunds.

This is where I'm very inexperinced and don't understand what is standard for industry or what could potentially bite me down the road.

I have a potential partner who is a long-time friend.

If you want to look at total expenses over the years, you need to look at total income received as well with your potential sale price. 

My interests lie in all areas of real estate, and I am eager to explore potential opportunities and gain insights into effective strategies.

Even one vacancy or non-paying tenant could potentially be a major problem.And yes, there were vacancies, and non-paying tenants, and major problems.

Stay consistent with follow-ups, sharing updates on new opportunities.Pro Tip: Host a webinar or in-person event to connect with potential lenders and answer their questions.Why It Works:Credibility and transparency make lenders more comfortable investing in your deals.What Do You Think?

Any advice on how to navigate this while keeping the deal intact or potential transfer of partners would be greatly appreciated!