I’m a local agent in the area, feel free to reach out.

Management is free to make whatever decisions they think are in their best interest… hopefully that consideration extends down to the LPs, and usually they do.  

Welcome to the community.

So you’d still have plenty of funds left to pay off debt. 

Someone I know bought a ranch to use as a short term rental property in 2021 for $1.7 million.Engineers did a virtual site visit, they were able to assign a value of $347,000 to either 5-7-15 year assets that were eligible for depreciation.In 2021, the bonus depreciation amount that you could take was 100%.This means that the owner could immediately deduct the full amount of eligible property in the year it was placed in service, rather than depreciating it over time.With that in mind, he took the full $347K deduction in his FIRST YEAR of ownership to offset taxable income from rentals.This was roughly ~20% of his purchase price.It was a big win for him.In 2024, the bonus depreciation rate is 60% so the calculation would be different.That said, you can still save and defer a ton.

Hi, just to clarify on the trans union report, the "resident score" is their credit score?

Right next to the BP logo.

I am wondering if there is someone I can pay to physically go to the auction to bid on my behalf.Just FYI, I am aware of the risks of buying things in foreclosure.Can anyone recommend anyone like this in NJ? 

Currently, I live in Hawaii, house hacking my own property, and am looking to expand into out-of-state long-term rentals.My goals now are to master the art of wholesaling, continue raising private money, and build a strong portfolio of long-term rentals.

Welcome to BP.