Does anyone have rule of thumb cost estimates for this kind of work?

If you see someone violating the rules, create a post with "@moderators" and we will receive a notification and respond.Again, welcome to BiggerPockets and happy investing!

my personal rule of thumb: $0-$1,000   1 or 2 estimates  $1,000-$10,000    3 estimates min.$10,000 +    5 estimates if possible with full break down of services Unfortunately I don't know of any contractors down there just wants to say Congratulations on your purchase!!!

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I had one particular vendor with high standards that would exaggerate anything he found.My rule of thumb: people can live how they want to live as long as they are not 1. damaging the property2. living in filth that attracts pests3. impacting the neighbors (e.g. odors, junk detracting from the neighborhood, etc)4. creating an unsafe situation (e.g. hoarding and rescue workers can't access the home)When I visit a property, I document any issues and talk to the tenant.

•The applicant pays the background check fee and I don't have to deal with it myself•Can set your own logic and rules around what kinds of late fees to charge and when to charge them and if a tenant is late paying those rules are automatically applied•Can set the payment rules to not accept partial payments.

The rule of thumb is, only borrow against the 401k as a last resort option.

I received a letter from the HOA about a violation of the rules - there is an oil spill in the property driveway.

So make sure that you read the HOA or condo association rules seriously before any commitment.

Otherwise, just buy a home with no HOA (if you want the option to do MTR and STR and not risk them setting rental rules) with as many bedrooms as makes sense for the numbers.