All you're doing is "pulling the strings" based on an estimated renovation budget, PP, market rate rents, taxes, and inputs like that.

Someone knowledgeable has to review, correct, and contextualize what the system is doing to ensure the books are actually accurate and tax-ready.I’d also caution against fully “hands-off” AI bookkeeping solutions.

Quote from @Jay Hinrichs: Quote from @Drew Sygit: Quote from @Natalie Allie: Looking for advice from seasoned investors in the Detroit area - specifically how investors mitigate risk when investing in the inner city and what the best solutions are to secure properties, avoid squatters, etc...

My local bank would refinance me at that point since the principal paid would be past the 20/80 threshold.if the seller rejects this, are there any other creative solutions to bag this deal?

Insurance carriers are pulling back from multifamily —non-renewing even insureds with no claim history or raising premiums forcing insureds to pay more and/or move into surplus/excess non-admitted market. 

I do not need to pull out any equity.

Ensuring you're reinvesting as much as possible and not pulling out the cash when it's flowing is just as important.

What we suggest at this point is to pull the numbers, take them to your tax advisor and discuss.

And of course, don't forget to pull all the required permits.Real Life Answer: I only ask if the work has the potential to harm someone or do major damage.

I have never had to pull, but I can see the reason where keeping it concealed makes sense.