We are not real estate professionals.1) How would you handle the classification of the property in the 2023 tax year and would you utilize a STR depreciation strategy?

Regular lockAdvantage is price is cheap.Main disadvantage is that you need to have many keys to handle.

Challenges?

I'm partnered with an escrow agency that accepts crypto and is familiar with handling the asset.

For your GA LLC, filing correctly is crucial since you're based in CA and may need to handle multi-state tax filings.A real estate tax accountant can guide you on deducting renovation costs (likely capitalized rather than expensed for a flip), managing depreciation for investment properties, and tracking expenses related to your flip.

Challenges?

@Alba Cheung if this attorney doesn't complete the eviction look at the dockets and see what attorneys commonly handle evictions in you area.

It’s clear that the evolving market, especially post-GFC have shaped your perspective, and you’ve outlined some valuable points about the flexibility and challenges of private lending.The flexibility in ARV and LTV is such a huge advantage, especially for investors who might not have traditional financing options.

We are seeking joint venture opportunities with experienced developers who can see the value in this project and help us navigate these challenging times.As partners based in NYC, this venture was beyond our usual real estate development experience.

I'm enjoy the challenges of finding creative solutions through the numbers and negotiating what can work for both the buyer and seller.