So multiple eyes and local expert providing local cost and input on lifespan.Here is an example that has a part that is more expensive in my market than other markets (unlike most parts that are the same everywhere, so in this case your cost should be significantly less due to both cheaper part and cheaper labor): $1600 40 gal water heater installed (this is good price for a plumber, a little high for a handyman) with expected life of 12 years (i have some that go 20 years and some that die in less that 10 years (mostly rheem die in less than 10 years), 12 years is fair life expectation

My property (soon to be properties) in Costa Rica are calculated to provide a modest cash on cash return but will provide a very high lifestyle return.  

This will provide you two benefits:1) Help you better define the position, so you can hire a better matched person2) Make training the next person easier

@Phil SheltonYou would need a civil engineer to provide a drawing to get submitted to zoning and get a permit if it passes zoning is most common This also depends on the road - if it’s a state road forget it as it will take a year to get approved and cost a fortune - if it’s a local road process not as cumbersome but don’t expect this to happen quicklyIn some instances you may have to prepare sight distances etc to make sure it’s safe to add a curb cut

Provided you are sticking to the letter and spirity of your rental agreement, you have to set boundaries People that get indignant over you setting boundaries are not worth worried about. 

And assets that provide you with great depreciation but not great income or stability are just a form of robbing from Peter to pay Paul.   

Most property management companies are licensed realtors with extensive experience working with investors and providing valuable insights into their local market.

He has helped a ton of BP members successfully house hack and has done it himself as well and can provide you with invaluable experience.

Plus, they provide great opportunities for cash flow, especially if you’re looking to scale and reinvest profits into future properties.If you’d like to connect or chat more about strategies, deals, or even market insights, feel free to reach out.

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