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The reality is that imposing expensive and time-consuming sprinkler installation requirements will drive property owners to either scale back necessary renovations or avoid permits altogether.Currently, when owners propose substantial renovations, they are often informed that their projects will require sprinkler systems, which can cost around $45,000 for a typical three-decker.

Mark, since you're an inexperienced investor, I would be very cautious about borrowing against the roof over your head.

Campus housing has been under tremendous headwinds for the last 4 years.These properties were sold with extremely aggressively optimistic projections, as well as a price that represented a significant premium to fair market value.So sorry to hear about your investment.

It’s impressive how you took this single-family fix-and-flip from start to finish, self-financing and managing the project as the GC.

I can do a roof for $300/Sq, they underbid me down like $99/Sq."

I am not able to take equity out of my condo because it is currently on the blacklist due to HOA fixing the roofing and a Fannie Mae rule stating, if more then 50% of the condos in that community are owned by investors, I may not be able to refi.

I can update flooring or touch up the kitchen, but no roof, plumbing, HVAC renovations.

At first, he was anxious about having multiple tenants under one roof, but with the right house rules spelled out up front, it turned into a solid monthly cash fow for him.

Right now, I’m actively learning and planning to start my first projects this year.