Otherwise, just buy a home with no HOA (if you want the option to do MTR and STR and not risk them setting rental rules) with as many bedrooms as makes sense for the numbers.

my personal rule of thumb: $0-$1,000   1 or 2 estimates  $1,000-$10,000    3 estimates min.$10,000 +    5 estimates if possible with full break down of services Unfortunately I don't know of any contractors down there just wants to say Congratulations on your purchase!!!

Depreciation is typically allocated according to the ownership percentages outlined in the partnership or syndication agreement, which are set in advance and follow certain rules under the tax code.However, some syndication structures can be designed with different classes of partners or special allocations, but these arrangements are subject to complex tax rules, such as the "substantial economic effect" rule under Section 704(b) of the Internal Revenue Code.

She's a practicing Muslim so they have very strict rules around not being able to pay interest (what they call 'riba').

If you see someone violating the rules, create a post with "@moderators" and we will receive a notification and respond.Again, welcome to BiggerPockets and happy investing!

Typically a rule of thumb is with no experience and average credit you are looking at 15-20% down depending on the rehab size and complexity. 

Under this rule, if your average stay is seven days or less and you materially participate in managing the property, you can treat it as non-passive income and potentially use tax losses (like depreciation) to offset other income.

Does anyone have rule of thumb cost estimates for this kind of work?

Before trying out for a pro team, ensure you enjoy playing the game, understand the rules, and have some talent for it.

I had one particular vendor with high standards that would exaggerate anything he found.My rule of thumb: people can live how they want to live as long as they are not 1. damaging the property2. living in filth that attracts pests3. impacting the neighbors (e.g. odors, junk detracting from the neighborhood, etc)4. creating an unsafe situation (e.g. hoarding and rescue workers can't access the home)When I visit a property, I document any issues and talk to the tenant.