If you're purchasing a duplex/tri/quad and renting out the additional units, you can still take advantage of numerous "investor" tax benefits on the remaining units, including accelerated depreciation via a cost segregation study. 

Some element of the prospective tenant is creating doubts in you.

Different numerical answer, but the same result as above in that I ultimately needed to make a yes/no decision..ended up keeping the property and will BRRR it in the next few months.

I feel a bit dizzy trying to keep track of the numerous steps that go into structuring this complex type of loan.

Yeah I've learned from my own experience and heard from numerous folks since posting this that REI Skip isn't the highest quality.

🏗 Construction is building someone’s dream and why we fail to build one, the real strategic failures🤐Construction projects are complex 💢 undertakings that require careful planning and execution✅ to be successful 🏆 .Unfortunately, there are numerous potential pitfalls ⚠ , that are external and internal, that can hamper a project's progress, leading to strategic failure 🔥 .See the image for detailed external factors, mapping to internal factors 🔀 and how they result in below strategic failure.1️⃣ Failure to secure lower cost of capital 💰; the cost of capital during the gestation period adds up quickly 📈.2️⃣ Failure to obtain volume discounts 🏗 and rebates from materials suppliers and secure lower labor 👷‍♂️ rates from certain subcontractors; and3️⃣ Failure to build a sales and marketing 📢 strategy and aligning it with the Project timelines ⌛ .4️⃣ Failure to manage cashflows 💥 resulting in abandoning ✂the projects.

Hi @Phil Shelton    Anyone that says a HML doesn't do long-term financing is incorrect, numerous do.

Small businesses without much scalability are particularly difficult for an owner/operator to step back from and still maintain the same attention to detail, customer service and ultimately profitability.There are numerous books written about “work on your business, not in your business”, etc.  

The public adjuster reviewed the estimate from the insurance company and felt it was missing numerous items.His fee is 10% and says it will only be 10% of the amount above the current estimate since the insurance company already agreed to pay the amount in their estimate.

Good to also think about the deduction element.