.: Good afternoon BPers🫡,Will property insurance pick up the tab on something like vandalism or does the policy have to contain some type of clause built in regarding this matter?  

I dunno @Mike Francis, this has come up before and I still think that you aren't going to get a ton of traffic from being on there.

Additionally, while rates aren't historically bad right now, they are higher than 4-5 years ago, and they will be even higher for you as an investor than they were as an owner occupant, which is what you were when you bought originally.I get that you are anxious to add to your portfolio, but that could be achieved without touching your first golden goose.Sometimes on BP, the push is to leverage every last spare penny, but that can be a risky game as the markets shift. 

So I took the best photos I could. https://www.icloud.com/photos/#0aab8yTeJeGtJVciTmiimn56AIf anyone has a ballpark on this.

At the end of the day; you need more money to do something like this.MAX LTV on new builds is 80% LTC, Meaning if the build is $550,000 and Land is XAdd ($550,000 + x ) * .8 = LOAN AMOUNTYou would need to come in with MINIMUM 20% of the cost in addition to closing costs and reserves, $80,000 is not going to cut it for this project.

I want to take this opportunity by qualifying for REP status.I have also been meaning to build 2 units in my backyard and put them on rent.

I believe furnished finder is the way to go as it seems like the majority are looking on that website.

If you ever need insights on financing options for rental properties, including DSCR loans to scale your portfolio, I’d be happy to help.

Quote from @Roland Stone: Anyone on here get on board with Anderson Business Advisors?

And when that someone else says the house, they will pay capital gains and depreciation recapture on the sale.