Over the last 3 months we’ve spent $70k in rehab work. 1 property flooded, big storm across from the ocean we gutted it and it’s under construction 1 property had a lead incident, tenants ended up buying a house and we’re abating the unit. 

@Abigail VanLuvaneeI live in VA Beach and we do a lot of business in Wilmington.

Which in turn will bring plenty of other investors and general business to the area.

my business partner is a real estate agent

Account Closed Contractors are businesses .

Purchase price: $31,000 Cash invested: $66,000 Sale price: $147,500 Converted an abandoned, condemned three bedroom, one and a half bath home with two rooms (one 30x15) unused/used as storage, and attached single car garage that we (my business partner and I) emptied (3, 30 yard dumpsters!)

I am a small business owner with like a dozen employees .

The cost to build new construction, especially SFH, just doesn't make sense yet in most Detroit neighborhoods.

If you are installing them in 2024, the amount of bonus depreciation is limited to 60% and you can therefore only take 12.75% in the first year (plus normal remaining depreciation for a part-year asset).I'm not sure how the split would work between the residential credit and the commercial credit as this may be reported separately with the partial business use allocation happening first.

If you use a DSCR loan like some others have mentioned, licensing works differently since that's a business purpose loan.