Also, this new investor could have been exceptionally exaggeration of the ARV without mentioning the rehab costs and the disposition cost after completion.

Perhaps hire a property manager to handle the phone calls and factor in the (depreciable) window, kitchen, HVAC costs?

Go with Hostaway, great cost-benefit, and it's integrated with Turno as well!

It may not be here tomorrow, and taxes won't matter then.That said, if you're trying to estimate your future tax benefits, keep in mind these things:- depreciation is only applicable to rentals- depreciation starts when you place the property "in service," not when you buy it- depreciation increases your deductions and consequently your tax losses, but you may or may not be able to benefit from these losses, depending on your overall tax situation- if you do have room for additional depreciation, you may be able to amplify it with cost segregation (a separate topic) 

A good mortgage broker makes sure to prescreen the client to fit the lender's credit box.

They can help navigate the complexities of the insurance process, ensure you document losses correctly, and negotiate with the insurance company on your behalf to maximize your claim payout.When interviewing public adjusters, ask about their experience with similar rental property fire claims, references from past clients, and their fee structure.

He is the go-to investor/ investor focused realtor in the Tampa Bay area that has assisted a ton of my clients with the same goals as you.

I would do nothing with it right now as the cost to borrow it is too expensive and real estate returns have been compressed.

In Charlotte, NC and in Charleston, SC, we have such an extreme lack of inventory, especially at the lower end of affordability- seller's aren't giving up their 2.99% interest rate to downsize and pay more for a home with a higher rate, so they are staying on the sidelines. and Builders cannot ramp up fast enough, and are being very cautious due to interest rates, coupled with inflation, where their goods and services also cost more to build homes- and, after 2008-2010, where many got burned, and badly, they are super cautious.

A lot of my company's clients are trying to do this in 2024, with mixed results.