The rehab budgets are held in escrow and allow you to make draws after work is completed.

for example here is detailed documents for one asset held in Ohio - https://asset.lofty.ai/LFTY0007 

All of this will depend on how long your seller has held the property - but watch out for it - your $216/month can evaporate when you open that letter. 

I had also held this same opinion until at least 3/4 years ago, I was taking a CPE that I was pretty sure I would know everything. 

Also, the length that the investment is held impacts the settlement cost.

They are both a stained brown it seems and have held up fairly well over the last 30 or 40 years I'd say.

 - The str will be purchased in an LLCQUESTION:  Is there a way to defer/avoid paying taxes on the gain since it’s held personally as part of my primary residence and we have lived there greater than two years and the gain will be less than $500k or as a 1031 exchange investing into the STR LLC? 

We had 21 units get flooded in the burbs last year, and all of the real wood cabinets held up like champs. 

In a way it feels like the City is making it more difficult for landlords to hang around because yearly inspections with a laundry list of repairs makes it real difficult to cash flow when my cash flow is just being held for the future, inevitable inspection.My opinion/thoughts.

I'm going with 2 sentences...Tax benefits are secondary to the value of the investment...The large percentage of wealth held in retirement accounts is particularly notable given the tax advantages these vehicles offer.