Here are the specifics: our current property is worth 360k roughly; we owe 120K on it.

Unless you are going for a specific look, there’s no reason for an expensive toilet.

Assets identified in this study include:Standard windows and doorsInterior ceilings and wallsBasic plumbing and electrical systemsBuilding structural elementsBasic HVAC componentsThis engineering-based cost segregation study included the following methodology:Physical Inspection through a site visitDocumentation review including architectural plans, accounting records and construction documentsA cost analysis which utilizes engineering principles in order to allocate costs to their applicable asset classificationsCalculation of the depreciation schedule using MACRSAs a reminder, bonus depreciation started to phase out in 2023.

Feel free to reach out if you have any specific questions, as an investor or a lender happy to share any advice I can!

Additionally, the transition process itself could create uncertainty in the market, making long-term planning more difficult.Opportunities for Private Lenders & Alternative FinancingWhile some investors may face challenges, privatization could create opportunities for private lenders and non-bank financing options.

But, it may not offer the ROI as other locales, and it may not be "fun" like buying in a favorite vacation spot.2 - The highest ROI folks - Self explanatory, will go where ROI is high and/or regulation low.3 - The second home/retirement minded - These people are looking for minimal ROI but want the house in a specific location because they like to use the property and want it to pay for itself.

Any turnkey companies specifically you're referring to?

It’s easy to say “just screen better,” but I imagine truly tightening up criteria without killing occupancy can be an art.Since you’ve seen this play out firsthand, I’d love to hear more—what specific strategies have you used to filter out the bad tenants from the good ones?

With comps ranging from $875K-$1M and your estimated build cost at $550K, the after-completion value gives you a significant equity cushion, making this project highly attractive to lenders.If you plan to hold and rent the property, you could refinance into a DSCR loan after construction, which bases lending on rental income rather than personal income.

We plan to renovate it ourselves and turn it into a 1200sq ft 2/1 to STR.