(So therefore we wouldn’t have to pass on the cost of the repair to him ie. the tenant).Now, several months later, I contacted the contractor to ask if he would be to provide a price estimate for a different job at our house.

Combine that with insurance raising rates not just for dropping licensee count, but also to cover increased lawsuit risks.

It may be more difficult to get financing and a good rate buying through an LLC. 

I have a furnishing and design team to help out if you’re not wanting to come down personally and I also co-host at a discounted rate for my clients.  

Plus, there are upfront costs to consider, like furnishing your condo and any expenses tied to managing it as a rental.As for refinancing, it might not be the right time with interest rates where they are.

I would find a loan officer that does both conventional and FHA renovation loans to compare which has better rates and terms for your situation.

It's the boring places that probably won't appreciate above the rate of inflation that will provide real month to month income. 

For now, we just contact the city/township construction department to ask about pre-sale or pre-rental requirements and follow along. 

Rate is a function of price.

The price points do make it hard to cash flow even with the lower interest rate subject tos.