When it comes to determining whether nail holes are considered normal wear and tear, it often depends on the size and number of holes, as well as local laws and customary practices.

Story: In his Jackson Hole keynote, Fed Chair Jerome Powell said the “balance of risks” is shifting from inflation to layoffs, signaling a possible September rate cut. Markets took the hint; long yields dropped, the D...

But as said, not everyone or even the majority want to scale, they simply don't.

I know what it's like to go down the rabbit hole as well.

Even if market comes down, someone else with cash under the mattress will come out to place a floor on the downward movement. you cannot simply create more housing supply because commodity prices are stuck at elevated levels, and new builds will remain higher cost than existing inventory. 

So over the last year I dealt with houses with roofs with gaping holes in them, mold damage, rain damage, broken sewage pipes, stolen water heaters, an ancient electrical panel that had caught on fire, my grandmother's metal shed being stolen by a hoarder tenant, my dad also being a hoarder, and even some fun squatters.

If the new income is just enough to make the mortgage payment and not make up ground with the repayment plan which I bet is a 12 month repayment plan, I would probably lean on a longer term private loan to make up the rears.NEXT I would encourage them to find 2nd job and sell stuff to work out of this hole.  

In Tampa, you'll get a hell hole in a war zone at $1000. 

The depreciation "losses" are SIMPLY PASSED FORWARD to later years.

I’ve read a couple of the BP books, listen to the Rookie Podcast pretty much every day, and go down way too many YouTube rabbit holes on strategies I probably shouldn’t be touching yet.My fiancée and I have a goal of building up enough rental properties to bring in about $1,500/month in the next 10 years.