We’ve been spending quite a bit of money updating but I just realized we won’t be able to claim these expenses in 2021 when it’s producing income because we’re spending the money now.

In 2016, 70% of Seattle voters backed a seven-year $290 million dollar levy to produce and preserve, rehab, and operate affordable housing.

Originally posted by @Whitney Hutten:@Ryan Planchon I feel your pain!

I plan to sell the mobile homes to the tenants or empty ones to another buyer in order to decrease the park's expenses AND have just income producing land (which would be better when it is time to refinance). 

They pay a franchising fee for each agent regardless if they produce.

In general, lending produces passive interest income that will not have a UBIT component.  

I was trying to make the point that the small DIY handyman landlord buying and renovating for the purposes of holding on to the place for a long time as a producing property will do a significantly different sort of reno on a property than a BRRRR investor whose main interest in the property is getting as much of their money out of it to go looking for another property.

If you analyze it as a rental, then it produces about $61 a month with your expenses as shown.

@whitney hutten what do you mean lock in long term debt?

The garages are all rented out for $100/month so it is a nice added income producer along with the duplex.