Maybe the roof blows off in a storm before the end of its service life and all of the roofers are charging double and triple rates, and if you don't replace it the rain will come in and destroy your ceilings and your renters will leave and you will not have anyone as a customer for your business because the interior is destroyed. 

Is the tenant responsible for all interior and exterior pest problems or is it strictly interior?

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

She is an experienced flipper, a real estate professional and a great designer, but wants nothing to do with tax strategies and securing funding.

We have stared the project about a month ago, completely new interior including adding new HVAC all new electrical, flooring, cabinets, tops and so on along with new driveway exterior paint and some siding.ere are some progress pictures.News, we are closing on a house and have a duplex under con .

Junked it out, cleaned up landscaping, drywall repair, texture, paint, new interior doors and trim, new waterheater, new floors in kitchen. some new floors, countertops, new roof, painting cabinets.

My advice for you (and my future self) so far is:- be very detailed about underwriting your deal- add at least 30% to what you think your rehab will cost (even if this figure came from a GC)- have a really detailed design concept before work starts (including fixtures/trim/color scheme/etc)- check with your city/township's building department and see what permits you need up front- have more than one exit strategy- add a few weeks/months to your projected timeline- purchase cash if at all possible- build relationships, take notes, and learn lessons along the way- have funGood luck! 

I had not thought of the interior decreciable assets until now to gather for my CPA.I have to say the 1st part went well considering the issue with the buyers lender and the property insurance.

As mentioned, the good ones get $20 or $30 per month increase on 6mo lease, bad tenants get $100 or $200 rent increase.As you are doing exterior renovations, start interiors as tenants move out.

They’re asking that I designate a project manager who would be able to visit the site regularly, but is not the GC.