@Stephanie Pineiro its great that your tenants want to take ownership and improve the place.Pay for the carpet removal, flooring and installation by a professional if you're in favor of changing the flooring.

Nine other markets were within 5% of flipping in favor of buying from renting.

IRC Sec 1(h)(6)(A)(i).But again, you're still dealing with basis adjustments (and thus gain increase -- though not 1250 gain) for the forgone depreciation.And, if you're in a high tax bracket, the time value of money will always work in your favor with depreciation, assuming it doesn't get caught up as passive or under one of the other limiting (timing) code sections.

Hey BP community,My girlfriend and I are planning to move from our home in Kailua-Kona, Hawaii (it will remain an investment property managed by local PM) to a destination with cheaper barriers to entry for small mult...

These "buyers agents" are rude and obnoxious thinking they are somehow doing their buyers a favor by insulting the seller/agent etc.Leave it up to the attorney's to create a pissing match out of our transactions when the way it should be done is to bring the needs of the seller and buyer together which is best done with one agent alone IMO.Which way is it done in your state?

“But the barriers to success are very high.”Home sellers generally favor agents with years of experience and proven sales records.

Thanks for feedback here guys - I was just speaking to a mortgage broker out here and as an FYI she said investor Refi's aren't too favorable these days and when you do get them the % rate is in the 5-6+% area. 

In a pandemic recovery, if retail comes back into any kind of favor I'd imagine neighborhood strip centers could come out of this better than OK ? 

For those who have bought directly from the owner, what are some favorable terms you've included when creating an offer?

What works currently in your favor is that Milwaukee prices are going up about 1% a month (10,26% last year median home price), you can check detailed numbers on my YouTube channel.