Neither the FHA nor ADA apply to private residential housing within some parameters.

In between we have the life’s, careers, wealth, satisfaction of real people, and their contribution to the enhancement of society. 

Yes, you can still deduct the capital improvement expenses, but they must be capitalized and depreciated over time, typically over 27.5 years for residential rental properties.

Nothing wrong with a 1003. 1-4 Unit properties are still residential loans and many hard money lenders use 1003s to get basic information.

Hi, What type of insurance can you get or should you get for residential rental properties?

Outside of a few residential hard money loans I have never really used private money

We sold one property this year where we wrapped the 4% mortgage note into a 10% note and as a result are enjoying a 17% annual ROI for a minimum of 2 years and possibly as long as 10 years if the borrower/buyer does not pay us off early.After 40+ years of real estate investing, in many different markets across the country during many different economic climates, both in residential and (primarily) in commercial, I can tell you that hard and fast “rules” should be constantly evaluated to see if they are limiting the opportunity to “jump start” your wealth building.   

@Cheng ChuAre you looking at residential or commercial?

Hi Ran,I would probably ask around locally for a PM to see if they have backoffice services that they offer, other than that, there are a lot of accounting type of services available with third party vendors through the national association of residential property managers.

We’re eager to reconfigure that area into multiple units to enhance income potential.What strategies can we implement to address this situation effectively?