My basic underwriting making some standard assumptions on HOA expenses, 20% down, 7% interest rate, 30 year mortgage, utilities, supplies, and maintenance costs shows a loss of about $22k per year if you are self managing.

.- Technology & Automation: Utilizing project management software, such as Buildertrend or Monday.com, enables real-time tracking of budgets, schedules, and contractor communications.

I would like to purchase my first property sometime next year, utilizing this year to learn and network as much as I can.

Would be curios if folks have also just included the cost of utilities at this price and left it unpermitted.

I had a project last year that a sub hit a conduit that was marked out and the utility made a claim many months later.

We are not real estate professionals.1) How would you handle the classification of the property in the 2023 tax year and would you utilize a STR depreciation strategy?

In fact, even with my extensive experience, I choose to have all my properties professionally managed.Here's why:Tenant Selection Is CriticalThe most valuable service a property manager provides is selecting reliable tenants.

I have flipped new homes and townhomes but phased out raising a family and now am focused on utilizing my skills which are building, selling, expanding a circle of influence to focus my effort on the above.

Does anyone know how or if evictions from a utility space/garage differs from a residential eviction?  

Others, like Ivanpah, could build after permitting, with extensive government incentives.