In some cases I may use my own money to fund the entire project or just rehab cost but, I expect to make money on my money regardless. 4) Closing cost (again) when sold.

Also, we will be doing many projects before putting the property on str platforms so does the date it is placed in service effect what is deductible in any way or does it not matter?

Projects get approved and scrapped all the time.

Use the OM to determine the opportunities while also confirming an accurate cap rate has been used to align to the property's current market value (and/or listed price).Between operating costs and the cap rate is where you'll find the potential opportunities and if it's accurately valued, respectively.Never buy based upon projections versus actuals.

This is after the projected year of profit starting in 2023. 

Hello BP Community and specifically those in North Carolina, I’m a real estate investor with experience in quick flips, ground-up builds, and value-add square-footage projects.

UAB still has construction projects everywhere & they recently bought St.

We knew finishing construction would allow the borrower to have significant equity in the property so we worked with the borrower to get the project completed and fund the completion of the project.

Projected return on my equity was 6.5% annually.

Buying off-market (or at a discount to list price on the MLS) can improve your rent-to-price ratio, as can a rehab project that brings a unit’s rent up to market.