I'll be asking the tax office tomorrow as well when I go to research the properties, and anyone who will give me the time of day at the auction - even if it costs me buying their lunch and a couple drinks😂.And with regard to the rules/law, that's what predicated my initial question, it's so simple and clear I assumed I must be misunderstanding (quite the paradox). 

Partner Driven financed the Sardony Lane deal using its own capital, covering the $218,000 purchase price and $12,000 in renovation costs.

Although inflation is still present, its effects are more muted than expected, affecting different areas of the economy unevenly.

This cap typically remains in effect unless there is a "change in ownership or control" or a qualifying improvement to the property, among other exceptions.

Partner Driven financed the Eagle St deal using its own capital, covering the $175,000 purchase price and $1,800 in renovation costs.

Partner Driven financed the Eagle St deal using its own capital, covering the $175,000 purchase price and $1,800 in renovation costs.

Although no major renovations were needed, our effective negotiation and rapid transaction management significantly increased the property's market value.

problem is now a days with inflation and overall costs travelers tend to want to save money.

As is an all but universal truth in investing, there is a cost to lowering risk exposure, a cost to returns. 

Value add, which means a non-performing asset wouldn't even achieve a yield on cost of 7% after rehab and brining it up to performing status in Dallas.