@Fareen E.Great question, and it’s excellent that you’re thinking ahead about this scenario.

While they often require some level of repair or renovation, the potential for significant returns makes them an attractive option for many investors.Why Invest in Distressed Properties in Phoenix?

.❌ Emotional Stress – Handling tenant issues (especially late payments or evictions) can be stressful, especially if you live in the same building.Hiring a Property Manager in ChicagoPros of Hiring a Property Manager✅ Less Stress & Time Commitment – A property manager handles everything from finding tenants to collecting rent and coordinating repairs.

RM-4.5 zoning would allow for a higher unit count and could provide more flexibility for future development, regardless of ADU policy changes.One potential benefit of rezoning before any citywide expansion is that it might allow you to lock in additional density rights ahead of any potential restrictions or revisions the city could impose when expanding the program.

Go to some meetings ahead of applying, talk to the members of the board and ask questions if you have any.

Builders can offer those crucial incentives, and the homes themselves often come with modern features and energy-efficient designs that make them even more appealing to buyers.Looking ahead, it’s clear that new-home sales will remain a bright spot in the housing market.

That is one of the reasons we have set in place notifications for any estimate of repairs exceeding $500 of which these repairs were 10 times that amount in total.

They are responsible for repairing it, whether they have insurance or not. 

I would also send the insurance company this same letter and tell them they are going to be responsible for the cleaning and repair cost.

I’d recommend something like the tenant is responsible for the first $500, $750, or whatever in repairs for each occurrence.