I truly appreciates you advancing the discussion'

This means your cash out proceeds would be 80% of the appraisal value, minus any fees associated with the transaction.

If you haven't already, I'd recommend getting cost segregation study quotes from multiple companies and then taking those quotes back to your CPA to discuss if you would be able to benefit from the study.

@Brian Ciuchta I am working on several ground up deals that are exactly what you are discussing. 

I've calculated the mortgage payment to be around $5500/month with a 6.6% interest rate and 20% down so that means the property will be in a negative $1600 without even counting capEx, vacancies and other fees. 

Given we are accountants, we cannot promote our services on BP as its against the rules.To help in your search:be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.

Kareena, that's the marketing number, you really need to get the T12 proforma from them and check their underwriting, what's the NOI every year, their financing, their DSCR, their waterfall, their acquisition fee and their sensitivity analysis to interest rate changes.

If you're interested in learning more about the strategy, I'd be happy to connect/discuss. 

A simple information report (again fill in form) takes 3 minutes and no fee.  

Would definitely like to connect and discuss some of the options.