We were helping a friend renovate a house which had been home to a heavy smoker: one room was so bad - owner had smoked in the same chair for 30 years - that we had to replace the sheet rock on the walls and ceiling.There have been some studies in the past few years showing that the chemicals from cigarette smoke, even when encapsulated with paint, eventually come to the surface exposing future residents, in particular young children.  

The BRRRR strategy (Buy, Rehab, Rent, Refinance, Repeat) is popular for scaling quickly.

I want to buy a studentroom (very popular here, cash flow each month around 400) for about 80-90k.

Cost segregation is a popular tax deferral strategy and there is often confusion as to the difference between bonus depreciation and reclassification.Bonus DepreciationBonus depreciation is a tax incentive that allows a business to immediately deduct a large percentage of the purchase price of eligible assets, such as washers and dryers, rather than write them off over the "useful life" of that asset.

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $472,500

It is currently operating as a short-term rental.

What made you interested in investing in th...

What is most popular in your market?

Many cities allow short-term rentals in Pinellas County, such as Largo, Indian Rocks Beach, and unincorporated areas, which all do very well with short-term rentals.

We've got one right now on Chatham that's under contract on which our client should do pretty well.The $150k-$225k is popular, but sourcing due to competition is the challenge.

Given need to (potentially) seek outside investment from family for conventional.I’ve heard FHA is tough in these popular areas due to more stringent inspections, longer time to close, and perceived higher risk of riskier buyer and deal falling through.

As a HML since the late 80s this space along with the syndication space is just full of these stories. it is so important to make sure you invest with sponsors that are rock solid..