Thanks for the replies - going to try a different number first, then I'll be at my property this afternoon to work on my empty unit so I can try knocking on the door myself.locally we have a 5 day notice for non-payment as well, I'm definitely trying to stay ahead of the curve on my local regulations, great call-out!.

You have to purchase in cash and you can only stay in them 28 days per year because the HOA runs it like a business and leases the HRH name but you do own the deed.

In short, you need to stay there a year as an owner-occupant and then you refinance into a conventional, rent both units and then you can use the FHA to do it again on a new one.

It's hard to stay that today. 

I personally stay away from turnkey companies.

Congrats for having means to do it - that takes discipline and foresight.I can't tell you what to do, but I bought my first 5 properties with cash outright.

And the fact that you have 6-months of expenses saved up prior to inheritance tells me that you're disciplined and decent with money (this is relatively rare).

We passed, but even little things like  string lights or not having a grate over the fire pit were big concerns.Overall the numbers in Fredericksburg are staying the same compared to 2022 in my experience.

For 2025 we are assuming it will rise at $1500-1600Same townhomes pending at $260’s; if we upgrade kitchen/bathroom around $275 upCurrent tenant leaves Dec 31, 2024 Assuming rent stays the same for LTR, we will be cashflow negative since Home/Hazard Insurance and Taxes will increase inevitably.Should we:1.

If you can get hold of a reliable and honest builder, you will be fine (that does not mean you will not go over budget).Low CapEx, Little Hassle, Quality Tenant, You can manage new construction out of state for the first 5-years, Tenant May Stay longer (because is a brand new house) are few benefits of new construction.You may not be able to get close to the 1% rule though.Goodluck