You need a mechanical permit for the HVAC, and you need a residential construction permit or EZ permit open in order to pull the mechanical permit.

The modern features and amenities can attract renters, and energy-efficient designs might help keep utility bills down.

For every dollar put in, the deal is designed to generate the equity multiple dollars out.

If that baseline average is an acceptable figure, then go a few notches up from there with your design and amenities and you should do well. 

Don't know what that means.6. 12.5% markup for reno/repairs...That's reasonable, yet, you need to have some mechanism in place for the bid process. 

Then if you are only looking for cosmetic flips then you limit your targets and increase competition because every wannabe HGTV, realtor, interior designer, contractor, handyman is looking for the same easy flip.Its doable but lots of strategy and organization, hustle. 

If you get a property that has all new mechanicals, fully updated units, get it all done in a timely fashion, and still leave 25% in the deal you are WAY ahead of the game, due to the fact that you have front loaded risk and updated your mechanicals. 

Look for the Certified Cost Segregation Professional (CCSP) designation, which indicates certification by the American Society of Cost Segregation Professionals (ASCSP).

In contrast, STRs work this way intentionally, by design. 

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