When dealing with federal, state, and local NOFA (notice of funds availabilities), do government funds allocated for affordable housing often get depleted from too many developers requesting funds for new projects?

Food insecurity means that individuals and families cannot consistently access the food they need, often forcing them to make difficult choices about how to allocate their limited financial resources.

If you're still 3-5 years out, then I would allocate more to equities than HYSA because if the market takes a hit you will have time to recover.

A CPA can help you structure ownership or expense allocations to be as tax-efficient as possible for your role.Overall, your strategy is solid, and you’re asking all the right questions.

Assets in this category include:Structural components Building foundationRoof componentsBathroom fixturesPlumbing systemsHVAC central split systemFlooringCMU wallsCeiling constructionDoorsGeneral electrical componentsThis engineering-based cost segregation study used the following methodology:Physical site visit to identify and photograph property componentsExamination of architectural plans, accounting records and construction documentsA cost analysis employing engineering principles to allocate costs to specific asset classificationsDepreciation calculation using IRS-accepted methods, such as MACRSThe study also corrected a critical classification error, ensuring the property was treated as an STR with the appropriate 39-year class life and helping the owner remain compliant with IRS regulations.Reminder: bonus depreciation started to phase out in 2023.

This implies If you can execute a good value add (already a challenge on a local BRRRR, but more challenging on an OOS BRRRR), then after a high LTV refi you will be cash flow negatively when properly allocating for sustained expenses.  4) where does it make most sense to add value, cheap markets or expensive markets?  

You make a return after properly allocating for all expenses including building reserves of $20k.  

Mix in One “Light Rehab” if You're ComfortableIf you’re open to learning the ropes and have a trusted team, allocating part of your funds to a light rehab can boost equity quickly.

If purchasing new real estate as part of your reinvestment, a cost segregation study can maximize depreciation deductions, offsetting future taxable income.For effective planning, assess how the sale price is allocated between real estate, tangible assets, and goodwill, as this determines the tax treatment.

If one of you qualifies as a Real Estate Professional, they may be able to use the rental losses to offset their active income.Loop in a real estate-focused CPA early to ensure your structure supports long-term tax efficiency, clean bookkeeping, and proper allocation of benefits.