If you have to move mechanicals around, if y'all have natural gas HWT/furnace - then factoring in the exhaust components will be important to ensure proper ventilation.I'd ensure getting an inspection, and reviewing the property condition disclosures to check and see if it has flooded in the past.

Can be as simple as donating 10hrs of your time to who you align with as a great candidate. 

@Janice Carter Appreciate it — fully aligned.

It’ll walk through how to align your financial goals with the right metrics and investment decisions. 

HML's interest "should" be aligned with your success. 

Quote from @Ying Tang: @Jules Aton Thanks for sharing — I’m very much aligned with the asset allocation perspective as well.

Properly allocating those significant renovation costs allows for accelerated depreciation, clarifying the tax basis and ensuring your depreciation schedule aligns with reality, thereby maximizing cash flow.

Holding solely for appreciation creates financial strain and limits future buying power.My reccommendaton is to sell the property, stabilize your finances during the apprenticeship phase, build reserves, and re-enter the market with a property that better aligns with cash flow, family needs, and long-term investment goals.

It’s flexible—you can invest in rentals, commercial properties, or syndications—but managing it requires careful attention to avoid prohibited transactions.In comparison, a SEP IRA offers tax-deferred growth, which might be better if you expect a lower tax rate in retirement, but it doesn’t avoid UDFI tax on leveraged properties or allow borrowing.Before investing, check if SDIRA Wealth aligns with your goals and review their track record.

Quote from @Naqi Taylor: @Don Konipol Appreciate the thoughtful perspective — I’m very aligned with discount-to-stabilized value being the real margin of safety outside of true forced appreciation.Where I’ve been focusing recently is on mispriced but already-cash-flowing assets, often using master lease purchase structures to lock in control at a discount while keeping DSCR extremely strong from day one.The underwriting stands on in-place NOI alone — no reliance on appreciation, cap compression, or market tailwinds.