Myself, significant other, and my close friend/business partner have been renovating his personal residence for the past few months with the intention of renting it soon.

Born and raised in Lake Arrowhead and personally own several STRs in Arrowhead, and own an insurance business where we specialize in hard to insure homes and STRs in the mountains!

And, if you find that person on the right day, you can make a deal that works for both.

If the person performing snow removal services is an employee of the snow removal company then that company should maintain workers comp insurance.

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From my personal experience, each lender has its strengths and weaknesses.

I just completed a "free BRRRR" in Monroe personally and helped another investor complete a Free BRRRR in gastonia as well!  

The three most common approaches include:Cost approach: An estimate of the replacement cost less depreciationIncome approach: Calculation of estimated potential rental incomeSales approach: Uses comps of recent transactions on similar propertiesBe sure you are leveraging the tax incentives availableIdentify any applicable tax incentives available for commercial properties - historic tax credits in certain areas, opportunity zones, environmental sustainability, etc.Understand available tax deductions, credits, and rebates - Tax deductions decrease the taxable value of a property, tax credits directly reduce your tax liability dollar for dollar and tax rebates are a refund of taxes paid under certain conditions.Utilize a cost segregation study - Cost segregation allows you to reclassify assets into categories with shorter useful lives, therefore accelerating depreciation and creating tax savings.Leverage energy incentives and deductions - Look into the Section 179D deduction and how you can save on tax by meeting certain standards to make your property more environmentally friendly.Best practices for commercial real estate owners and monitoring their property tax regulations:Plan proactivelyWork with a professional to receive guidance on complex regulationsUtilize specialized software tools to drive efficiency and compliance.What questions do you have regarding property tax valuations?

Today I simply go in on these with other investors as part of a passive real estate investment club, where each person invests $5K at a time and we vet new deals together each month.

personal finances and mortgage with local lender How did you add value to the deal?