., tear-off, underlayment, flashing).

I think flipping is the way to go on this project since it’s my first deal which has always been the plan but very grateful for some guidance. 5 weeks of tear out, wall paper removal 🙃, new electrical, deck supports, HVAC install…we start putting it back together!

The property deteriorated so much after 3 years of neglect and vandalism and squatters that Dallas County ordered a “tear down” order and leveled and cleared the property, slapping on a municipal lean.  

In a way, depreciation creates a disconnect between the tax code and the economic reality of real estate.Some argue that depreciation accounts for wear and tear.

No one is going to tear apart a bathroom as that’s tracing a leak backwards.”

One dude, 55yo, told us at the beggining on the mic that he was desparted, tears in his eyes, to have more cash to finally see his son growing...

Get estimates for all repairs that are above fair wear and tear in advance. 

As an investment property owner, this means less maintenance and fewer unexpected expenses from storm related damage, often resulting in more affordable insurance premiums, less wear & tear on mechanical equipment, roofing materials or exterior surfaces.

MTRs do have higher turnover than a typical LTR (usually between 2-4 times a year), but since most MTR residents treat the space well and since there is less moving in and out of furniture, it is not uncommon for an MTR to actually have less wear and tear over the year than an LTR (and a lot less than an STR), Arbitrage for the MTR operator has its own sets of pros and cons, but I just wanted to address the question of why would a property owner ever want to allow an MTR in their unit. 

That lower price range house that’s not a total tear down is not common though.