As long as I am diligent about my receipt capture, this limits the number of open items for a bookkeeper to clarify with the client.This is how I advise my clients as well.

While a cap rate will give you a general idea of what the market is willing to pay, that a) doesn't make it necessarily worth that to you and b) doesn't mean the seller will accept that price.But the bigger piece is knowing what your return threshold is.  

Hi Hai,It would be a good idea to start on the rehab earlier and to also consider a way to get the tenants out earlier.

@Costin I.It was an idea posted by some investor who is not a tax pro, and an idea that does not work.

She does not have money for her expenses and is borrowing at a high rate of interest which is becoming impossible the idea is to sell my cousins rental property take a boot to cover her expenses and the rest ($750,000) do a 1031x.  

If you are looking for a DSCR loan, having a LLC would be a good idea.

I ended up encouraging this banner idea to him and he agreed. 

The agent likely has an idea of what the property is worth so keep that in mind . . . of course there are always gems that agents overlook to get it listed. 

The form asks for total acquisition cost: I purchased the condo furnished and would have no idea of the cost of the existing furniture. 

(It should be noted that the Fed’s Zero Interest Rate Policy of 2020-2021 absolutely skewed everybody’s idea of what a “normal” mortgage interest rate should be.