Very very different tenants, costs to operate and jurisdictional issues. 

I would not replace the dishwasher but let them know that they would be able to as long as they covered the cost of replacement.

I have two questions:1) What is the average rehab cost/sqft  (cosmetic, light rehab, and full gut) in the Charlotte market?

Closing Costs (Asset)CR.

Also, you only have to put down 3.5% of the purchase price + renovation costs.

Hey @Sudhi Avula, It depends on if you are doing a cost segregation and creating lots of deprecation to be had.

We are looking at possibly using capital stacking to fund holding costs and a light rehab for a sub to property we own.

The contract is submitted when pulling the permit because the permit cost is generally based on the price on the contract.

Commercial financing carries more risk, and higher closing costs, but can be great if done right, on the right property, in the right location.

If you didn't report your expenses for furnishing, repair, and renovation on your 2023 tax return, you may still be able to claim those expenses in the future when you generate rental income from your property.When you do start earning rental income and need to report it on your tax return, you can deduct eligible expenses associated with renting out your property, including the costs of furnishing, repair, and renovation.