The difference between the cost for a specific repair / renovation if you have a crew or need to find someone on a first time basis can be significant. 

Use these templates, worksheets, and checklists as a starting point to specifically tailor them to fit your property or your business.

Also would love answer to the following: - Are there any specific challenges or advantages you experienced compared to a JV structure?

We plan to remove them all to protect from tax increases on our current primary, but I am afraid that now that the other properties won't have homesteads, we may see skyrocketing tax bills and it will eat into already small cash flow from rental income.Does anyone have advice for how to handle this situation other than just increasing rent?

I don’t know your living situation or if there are any nice 2-4 unit buildings in the area you’re moving to.

The goal is to keep these for rentals.I currently own the land personally and am funding the builds with a combination of HELOC and cash - no bank debt tied to these properties specifically.

I went through a similar situation with two of my rental homes. 

In my experience, it's crucial to be aware of these state-specific rules to avoid unexpected tax liabilities.

With this additional expense, that would mean depleting the savings we’ve worked so hard to build over the past few years.To add to the situation, my wife and I are expecting our first baby in just two weeks!

Did you have specific questions or comments?