They come speak to we agents at conventions and claim they aren't trying to cut us out, because the way it works is the seller (who can sell without showings, staging, etc.) is given an "instant offer" by them, but also a professional valuation from an agent, so in their mind, they are including us.The offers are very low, from what I've heard, and the fees equal, or in some cases, more.

But others won't be able to afford the rent increase and will either have to find a cheaper and lower quality place, or stay and fall behind and have to be evicted; others will,leave because they are angered. 

What should I be checking in terms of the house and renovation quality before closing the deal.Inputs on this will be greatly appreciated.Thanks

Pay off the condo=more cash flow nowBuy a second (quality) property=highest returns in the long run

I called Parasole but didn’t get the chance to speak with Ron over the phone.

I suggest you speak with a mortgage broker/lender.  

Look forward to speaking with you. 

Also I don't want to speak for all investors but most I know don't have 15 year notes.

., there was a technical error, and the section of the tax code describing 15-year property (Section 168(e)(3)(E)) was in fact not amended to include qualified improvement property.So for now, strictly-speaking, in 2018, qualified improvement property is regular old 39-year property that is not eligible for bonus depreciation.We do expect that a technical correction to the law will be made, but for now the IRS has actually stated that it cannot guarantee that absent legislative correction it will accept the legislatively intended change in recovery period and bonus eligibility.Anyway, this is neither here nor there since you have stated you are a landlord of residential rental property rather than non-residential real estate.And this does not affect the application of 100% bonus depreciation to both qualifying new and used property place in service after 9/27/17 and before 1/1/23 that @Yonah Weiss pointed out.

If yes then speak with your new bank and see if your debt to income plus the condo debt plus money saved for a DP will allow you to get into a 2 or 3 fam.