It falls under the automatic consent procedures, so it does not need approval - it could still be audited though 3.

I could, in theory, just keep some money in savings to float these costs, but I'd really rather that money go to buying another property instead of sitting their floating money to pay contractors.Ryan,I know of a lender that automatically budgets 4 draws into the budget which might save you a little bit on that end, plus they defer the monthly interest payments which might keep you more liquid.As you get going there are definitely a few options, just shot you a DM and would love to help if I can.Good luck!

Just list it on the MLS as a FSBO and it will automatically end up on all the other sites...

I wouldn't recommend it though as I use a property management software that does it automatically. 

(Any company that charges anything other than a flat fee is automatically crossed off the list). 

If this tenant moves out before the end of the 5 year period the next tenants just automatically get the $25 increase in their new rent.

I wasn't sure if maybe TurboTax did this automatically, but there's no indication that it does and I wasn't sure if I should enter my real estate taxes under personal or rental or both, or manually calculate the split.

Here's what the quote covers:- Conversion of 2 bedroom, 1 bath main house to 3 bedroom, 2 bath (~1040 sf footprint)- Demolition of existing walls (existing dining room wall, wall between kitchen and living, bathroom closet)- Finished Shell (Reframing opening to living room and kitchen, shifting openings for bathroom/bedroom, new walls at bathroom and dining, level - Replace all aluminum windows with fiberglass windows and screens- Upsizing plumbing, and relocating fixture locations as necessary- Upgrading electrical panels- Assume heat pump and ductless mini-split for heating and cooling- An allowance for kitchen appliances including combination range, hood, dishwasher, microwave, refrigerator, and washer/dryer- An allowance for mid-grade plumbing and lighting fixtures (Delta, Kohler, or equivalent)- Mid-grade plumbing and lighting fixtures (Delta, Kohler, or equivalent)- Ikea cabinets or equivalent with solid surface countertops, includes island- Assume solar system to be installed on the house including battery storageFor the garage ADU, the garage would need to be demoed and rebuilt, but we would benefit from building within the setback since the garage is on the property lines.

You can run your own comps on Zillow/redin  make sure you understand your local market and how much finishes, bed bath count effect prices, don’t lie to yourself about arv or project it to go up that’s how you end up in trouble.if you can get all those variables down, while things can still happen/go wrong you should have a good ball park of the potential profit margin, always room for error in your net profit, markets can shift, you can get hit with unexpected expenses etc. 

The biggest change will be that tax deeds will not automatically be issued to the tax lien holder through the tax deed application process.