Typical renovations include:Cosmetic Updates: Painting, flooring, kitchen and bathroom upgrades, and landscaping.Structural Repairs: Fixing any underlying issues such as foundation repairs, plumbing, or electrical updates.Efficiency Improvements: Adding energy-efficient windows, new HVAC systems, and better insulation to increase the property's overall value.The goal of the rehab phase is to increase the property’s market value while making it an attractive place for tenants.

Lastly, they’re going to want a higher interest rate than they can get from the bank for taking the risk.

-signed an underwhelmed BP Pro member We advanced the investment case last month.

This approach balances tax efficiency, financing goals, and family considerations effectively.This post does not create a CPA-Client relationship.

@Angelica CristiIt has been a year or 2 since I last purchased on Auction.com so things could have changed.  

Contact the utility provider and get a historical average based on the last year of use.

there just aren’t many sold properties in the neighborhood in the last 3 months and even out to 6 months is limited.  

The reason I post this here is because I got totally different answers from two CPAsHere is the story:I bought the house as investment property and run it as STR for the last two years.

Instead of spending years learning by trial and error, working with a coach or mentor can allow you to accelerate your learning curve, gain confidence, and achieve your goals faster.

A HELOC or cash-out refinance is definitely worth exploring if you want to free up capital for more investments, but make sure it fits your goals and comfort level.