Hello BP Community!My name is Jed Butikofer and I am currently located just outside Bakersfield, CA, but move frequently for work. Background: My mother was real estate agent and my dad knew construction so we flipped...

How much $ do you want to spend? 

Spend your time learning your market and learning to market. 

If you don’t qualify as a real estate professional or don’t have a way to use those passive losses to offset your active income, then spending the money on the study might not be worth it.

I just don’t want to spend more money chasing something that will never happen.

This is a post-closing penalty charged by the Escrow Administrator to extend the renovation period beyond the maximum renovation term of 180 days in the event renovation is not completed within agreed upon terms.

Operators tell me that the objection to the costs are from the children of the elder who don’t want mom to spend down her savings, fearing that she will run out of money and that there will not be any left to pass down to the kids.

The reality is we'll likely face the hardships of a (significant) decrease in spending and overall policy will be prohibitive at first.Feel like things will go 2 step backwards, 1 step forward.

I'm currently helping my aging parents, and I need to be spending more time taking care of them.

I would also highly advise to spend 30 minutes and do a rent survey yourself and find comparable units and see what they rent for and charge.