The value add will include TI's and renting out the 50% of the square feet that is vacant.The hangup is that in a TIC structure we have learned that every person must bring money into the deal to achieve an equitable split.

It can provide tenants more options and possibly lower rates, but it can also signal oversaturation and make tenant placement more challenging.

Here's why:People who spend all day crunching are almost never viewing in person.

If anyone has tips on finding good deals, financing options, or navigating the challenges of flipping and renting properties, I'd love to hear from you.Looking forward to connecting with all of you and building a supportive network as we grow and succeed together in this exciting industry!

I'm optimistic this challenge is surmountable.   

Third, this market is very challenging to raise any capital, even for groups with lots of experience (decades, not years).  

I am getting a RLI personal umbrella policy from an independent insurance broker.

The duplex will still work quite well if I need to pivot back to LTR and even mid term, but as stated before, the property is quite profitable when it was able to be done as STR.I see these challenges as new opportunities to grow and continue to learn and improve my craft.Thank you all,James

However, interest on the same debt used to pay personal living expenses, such as credit card debts, is not deductible.But, wait there's more... 

I should point out that I nor my 2 partners have given a personal guarantee on the note.