There are no write-offs for decpreciation, no continuous rent payments and so on.I appreciate your reply. 

I think as people are able to choose to work places that have better weather places like Cleavland will continue to decline.

Anyway thinking for a bit we will continue on this path and look for more old houses but, of course, the price has to be right vs the amount of work that has to be done. 

I will continue my due diligence process and you both have helped me gain more confidence with my decision to start working with Praxis.

One important detail is that my brother currently lives with us, and we are open to having him stay with us if we do make a purchase as a renter to help cover our mortgage.I see our main options as the following:1) Buying an SFDU to live in, and "house hack" with my brother continuing to live with us and pay rent2) House hacking with MFDU.

(During this whole time I continue to market/show the unit.

We are ready to continue investing and are interested in traditional financing but want to learn more about Subject To and private equity and other creative financing methods. 

Although 2024 was generally considered a seller's market, based on what's going on in the new and the real estate market --- Do you think 2025 will be a buyer's market or continue to be a seller's market?

I've had one recent multifamily deal in Florida exit with a 32% IRR and one hotel deal in Atlanta refinance and return 110% of the original invested capital through dividends and the refinance and the hotel continues to make regular 16% distributions.  

This allows the owner to “write off” the value of disposed assets immediately, rather than continuing to depreciate them.