Marshall,Have you submitted a claim to the Association or your own condo coverage.   

And the only way it will make sense is if you ran the numbers, the comps and ARV are correct, and you have a fast dispo on the flip and the time frame.I have advanced software for my comps and ARV’s, it also runs my numbers for all costs associated, including holding costs, exit costs, all of it.

Leverage magnifies return. 3) The effort involved in adding an ADU is comparable or larger than a rehab associated with a BRRRR.

You need to get in touch with lawyers from a local REI or Landlord Association they will know local laws and how to best handle your situation.

If the expenses associated with your STR are prior to the IN SERVICE date, then most of those expenses may need to be depreciated rather than deducted. 

There is many unnecessary structures that have a lot of cost associated with them.

My experience is that condo associations typically charge so much in monthly HOA fees that any potential investment income gets eaten up by that fee.

Hey All, If you have been thinking of buying/or selling a condo there are a few new mandates that are going to be required from each association in regards to the Milestone Inspection and Structural Integrity Reserve Studies.

It is a great blog.As per usual, I am not associated with Yale Appliance and don't get a thing from them.

It’s possible it achieves positive cash flow as an Airbnb but I worry about the down months and other risks associated.