REMOVE ALL DEBRIS C OF O REQ'D, SEPARATE PERMITS REQ'D FOR M/E/P.

The most recent comp to sell was 2114 Robinwood Ave, Toledo, 43620 which was converted to a Triplex and sold 8/4/2023.Ensure the purchase and renovation costs adhere to the 70% rule relative to the after-repair value (ARV), which is estimated at $250K for sound investment planning.Frank, I would like to see your Permits and Certificate of Appropriateness for this bad boy.

Are you within city limits and are building permits required?

Keep in mind that the temporary rate reduction mentioned above is not permitted on investment properties.Hope all of that makes sense.

The cost was the cost and the contractor let me chose to permit or not to permit. 

A little incentivization is fine, but the market will take care of a need if it is real.Example - look at one of the largest building costs - the Permits and Fees of over $5 mil. $5 million?

No regulations other than getting a short term rental permit which costs $150.

Are there presently any open permits on the property, and what is the reason and status?

I have done 15 deals in the past year and half, and I currently have 20 new townhomes waiting for build permits.

Then, once you own it, you can look into refinancing without the risk of a lender failing to perform.As for which strategy to choose, think about picking one that fits your situation and has the best chance of success, especially since you're new to investing and live in another country.Vision the follwoings:Option 1: BRRR - This involves a lot of micromanaging and supervision work during the renovation process, including dealing with contractors, permits, and other details.