I'm looking at a property with two buildings.The first house is very well kept and reflects its fair market value - no substantial room for improvement there.

Fannie Mae plans to update its eligibility matrix to reflect all these changes next month, but currently, borrowers purchasing one-unit investment properties will need a down payment of at least 15% and a 620 credit score to qualify using the DU program.”This is likely to affect more lenient lenders who relied on GSE backing previously, who are now limiting their exposure to investment properties.

County updated its mask guidelines two weeks ago to reflect state and federal recommendations that allow fully vaccinated people to go mask-free outside, unless they're in a crowded space.

Marshall & Swift costs are updated each year to reflect current building costs.WHAT IF YOU DISAGREE WITH THE VALUE THE ASSESSOR PLACES ON YOUR PROPERTY?

  $50K or so profit.Make sure if you do this that the builder contract reflects the current price you are purchasing it for, and not just a reservation.Good Investing...

So if I charge $1 or $1000 a night, Airdna results would reflect that.

Most people get away with this because they never get a new insurance policy to reflect the new owner of the property, which is the corporate entity.

However I see that if you can structure this deal correctly you can qualify for a long time capital gain.Tips to get capital gain treatment on the sale: A) If you have actual investment property and you are dealer: -Maintain separate book-Document intent to hold the property as investment property in Minutes or other document-Report expense as investment expense on tax return-Also use separate entities.Using controlled entity to get capital treatment on land:-it is important that the sales price reflect the property's actual FMV at the time of sale. the formalities of a sale must be observed.

I really liked your write up -- good details and reflections on what worked and what didn't.

BTW even with all his efforts, the finished curb is barely acceptable (it is a lot of work to fix a badly poured large curb (this curb is over a foot wide).If you go with the unlicensed contractor, the price should reflect the increased risk associated with using the unlicensed contractor.