Hi BP Community,I'm just getting started in real estate investing, and due to limited capital, I'm focusing on foreclosures and tax deed properties that need some rehab.

.👨‍👩‍👧‍👦 Eligible for both owner-occupants and non-occupant property owners within city limits.📏 ADU must be no more than 50% of the main home (capped at ~1,000 sq. ft. for detached units).💰 Affordability strings attached: must be rented to tenants at or below 80% AMI, with rent caps tied to FMR at 70% AMI.📉 Loan forgiveness at $10K per year of affordability (8 years total), or up to $15K/year if you house voucher holders or tenants referred by city housing partners.🔑 Only one ADU per lot allowed.Why it matters:Charlotte is under major housing pressure, and this is a way the city is incentivizing “gentle density” without rezoning entire neighborhoods.For investors, it creates a structured pathway to add a unit with city support — though the affordability requirements and rent caps may limit cash flow potential compared to market-rate rentals.On the flip side, the forgiveness structure (essentially free capital if you comply) could offset the reduced rental income.My take: This could work best for buy-and-hold investors who don’t mind playing in the affordable space and are looking for long-term, low-cost additions to their portfolio.

Smith, Grantor, hereby sales and warrants unto Tom, LLC, a Limited Liability Company created and existing under and by virtue of the laws of Washington, whose principal place of business is 123 Smith Street, and Mike LLC a Limited liability Company created and existing under and by virtue of the laws of the State of Washington, whose principal address is 456 Jones Street, Seattle Washington 12345, Grabtees, as Tenants in Common.

The liability of lawsuits in a TIC makes every co owner responsible and can affect an owner not limited to that particular property.

Renting the basement as is could work, but keep in mind that unfinished spaces with limited access to kitchen and bathroom might limit how much you can charge and the type of tenant you attract.

They’re offering just a token increase to the deposit, and my realtor is encouraging me to give them more time since there weren’t multiple offers.My concerns:Contract has technically expired after extension.Deposit is small and currently stuck in escrow.Buyer hasn’t been transparent about their situation.I don’t want to lose more time off-market, but I also know the layout limits buyer pool.I could, in theory, always draft a retroactive extension if they really got their financing together later.Question for the community:If you were in my shoes, would you enforce the contract and re-list now, or grant one final, short extension but only with a substantial non-refundable deposit? 

Regulators argue this agreement harms renters by limiting choice and innovation, while driving up advertising costs for property managers.

I’d love to hear how you’re balancing flips and rentals while keeping momentum.Great question—DSCR loans have definitely become a go-to for a lot of investors who want to scale past the limits of conventional financing, especially when shifting from flips into long-term holds.

.), you're often limited to $25,000 of passive losses per year—and that phases out completely if your modified adjusted gross income (MAGI) exceeds $150,000.Real Estate Professional Status (REPS) or the STR Loophole: To use rental losses to offset W-2 or other active income, you must either:Qualify as a Real Estate Professional (750+ hours, primarily in real estate) and materially participate in the property.Or, if it's a short-term rental (average stay under 7 days), materially participate (100+ hours and more than anyone else) to convert it from passive to non-passive—even without REPS.Standard deduction vs. itemizing: You mentioned your CPA said deductions didn’t help due to the standard deduction.

To be thorough, I contacted the city to confirm if there were any rules limiting the number of vehicles someone could park on the street.