With the BP website and podcast, we are now considering house hacking a small multi next year and renting out the townhouse.We put 20% down for the townhouse and have begun renovating it and making it more modern.

I don't like technology and would rather spend my time interacting with clients.

Replaced modem at xfinity too which solved lots of other technology issues. 

It is funny that they are supposed to be technologically savvy, but in all honesty they aren't. 

We completely renovated the entire house and gave it a very trendy modern design.

We completely renovated the entire house and gave it a very trendy modern design.

Right now I'm just waiting on the profit/ loss reports, taxes and overhead from the seller.I know I need a manager, but with all the advancements in technology, I was hoping there would be a management service or app.

Will pulling any permits on the existing building call for substantial (expensive) modernization upgrades to Handicapped Access, electrical, plumbing, new laws regarding signage, (FIRE SYSTEMS), etc...(???)

With all of these older properties, if they go vacant long enough or if they burn down or are destroyed then you lose your grandfathered zoning and would have to conform the modern zoning status.

I’m really intrigued on how that property type relies more on not only the investors ability to value add (e.g. renovations, repairs, additions, subdivisions, etc), but their ability to implement strategies to reduce costs (e.g. preventative maintenance, technology driven services, negotiating terms and rates with service providers, etc), which in return increases the NOI.