Just make sure the STR meets material participation rules and get a proper engineering-based cost segregation study to confirm the exact numbers.

If the algorithm leans toward inaccurate or widely repeated information, it can still give a misleading answer.

The firm I work for does this to an extent for our engineering projects, but we also regularly work with other consultants that only do this when the client brings them on board.

We switched to a local lender and thankfully closed the deal, but the buyer had to pay for two appraisals instead of one and also brought in a structural engineer to check it out for peace of mind, and had to pay them for nothing because they just confirmed the cracks were a non-issue.

Jeff, the safest and most scalable plan usually comes down to one principle: don’t trade long-term control for short-term comfort.When you buy properties in cash, you eliminate debt risk but you also eliminate leverage, which is the main engine that accelerates wealth in real estate.

For instance, when I find a potential deal, I'd love to have experienced eyes review it (I know my rookie eyes might be blind to some key insights).A bit about me: I'm 24, working as an aerospace engineer at Boeing with no debt and solid savings/investments set aside.

Pick one path to focus first so you build momentum: either 1) agent-income engine or 2) investor-ops.

Sellers in hardship rarely glide smoothly through a 24-month option period.My take:You’re trying to help, and your heart is in the right place, but the underlying debt structure alone makes this a deal I would not touch unless:• The LOC is fully refinanced into a traditional mortgage before you take titleand• You structure it as a clean acquisition with a simple leaseback without an option to repurchaseOtherwise, you’re carrying most of the risk with very little guaranteed return.Sometimes the best service you can provide a seller is helping them list the home, clean up the situation, and move on, not trying to engineer a creative structure just because it’s technically possible.You’re asking all the right questions.

A contractor who doesn't make a healthy profit goes out of business, and then my warranty is worthless.That is exactly why HawkAudit isn't a 'race to the bottom' tool.Our algorithm actually builds in a 20-30% profit/overhead buffer on top of material and labor costs.

I was an engineering consultant at a firm before transitioning full time into real estate.