Specifically interested in multi-family rental property investing.

Talk with your accountant to get a more specific plan together! 

It's important to understand how the credits will affect your specific tax situation and when you can claim them.Recapture Rules: There are recapture rules in place, which may require you to repay some or all of the credit if you dispose of the property or change its use within a certain number of years after the rehabilitation.Overall, historic tax credits can be a valuable tool for property developers and owners looking to preserve historic buildings and lower the overall cost of rehabilitation projects.

I currently work as a Project Controller managing budgets for the company I am employed by but excited to use my savings to pursue real estate in whatever capacity I can.

Yesterday, one of our representatives was asking for specifics on fire extinguishers, and the county representative confessed:  "Look, just do the best you can. 

I have a fairly detailed budget and I’m working with a family friend contractor that’s helping me with everything.

I plan on paying a couple GCs to give me an estimate just to make sure i have the right amount for a budget.  

Tax considerations involve a lot of personal, specific considerations so you are on the right track going for a CPA (make sure they are familiar with income properties and short term rentals).STR is a business and involves "active" income versus "passive" income associated with typical long term rentals.A few general things:1.

@Jack Little The note itself, shouldn't really need any specific language for the 1031 exchange.

Nothing personal or specific to the insured asset.