Most service or trades people us included increase the rates for customers we don’t want.  

You can refinance sooner than that but you'll need to paper trail all of the improvement costs that lead to the increase in value.

@Celine Li Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Hi Nick, the 25% down payment is typically standard for investment properties.

Yeah, that seems to be the standard for Birmingham, pretty typical.

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For example, in C class neighborhoods, you might see higher tenant turnover and more wear and tear, which can increase costs over time.It’s also worth factoring in reserves for capital expenditures (CapEx), even if major items like roofs and HVAC systems are new.

It's based on the purchase price and will not include any improvements, reno, or increase in value since the purchase.

.: Hi All,Is there any way to structure a private lending arrangement so that income is considered passive (by IRS standards) and can offset accumulated schedule E losses?

However, I’m increasingly excited about starting a unique stays/glamping business.