Assets identified in this study include:Appliances: Dishwashers, refrigerators, and ice machinesInterior Finishes: ceiling fans, flooring and decorative wall treatmentsFurniture and Fixtures: shelving, counters, mirrors and cabinetsSpecialized Equipment: diagnostic machines and hydraulic liftsSecurity and Communication Systems: key card readers, telephone connections and security cameras30% of the total depreciable basis was classified as 15-year class life.

I'm pretty sure it had to record to an SD card but this was 8-10 years ago, and I'd be shocked if they didn't have cloud recording models today.

I always got the impression that he had a bad criminal record or never got his high school diploma/ GED equivalent or some other issue was preventing him from getting a license, because he was basically just brokering without a license but calling it consulting (I don't know any of that to be true for the record, that was just the impression that I got from his comments and might explain why he used a fake name?). 

For a lot of things you can just look up material costs and assume the same for labor. 50% material and 50% labor holds roughly true for the entire project, at least for me here in Milwaukee, your labor cost will probably be higher in the Bay Area.100-125k spread would be tight, even for me here in Milwaukee.

@Sandra Ho, It sounds like you are talking about late payments on their credit report for things like credit cards, car payments, student loans, etc.

@Ken Halef very true that's it hard to find something worthwhile on market these days. 

Congrats - do you ever think you'll expand a buy a true standalone STR of just happy with this current situation?

Tell us some more about the house hack is it a true multi family or are you just rocking with roomates? 

Real estate will not be the get out of jail free card without these things in order.

I’m sure the same is true of Destin - when you have thousands to compete with.