We are currently in the final stages of an AI driven software that is going to essentially allow us to manage co-living properties effectively, without any of the staff or operations typically needed by rental properties.

You can recover damages from a security deposit, but you cannot recover normal wear and tear.

Hey Matthew, that is a great question that we all ask when we are where you are.

Some companies will do 2.5x in rent, but I personally do not find that is enough, because we are not doing debt to income, we're just looking at their income.

Our unit count is bigger, but we are both mindful of buying very good deals and NOT outgrowing our infrastructure.The not so good news is that our models take a bit of time for results, not a ton.  

The second question is, as my family is looking to occupy the property for the majority of the year, we are wondering if we need to register or seek a permit if we rent it out less than the 90 days of each year? 

.($1,000,000 - $25,000 = $975,000)As a seller you probably have a listing agent to pay too on top of your transfer taxes, closing costs, etc, so the net is less than that obviously, but we are just focusing on the buyer agent compensation piece of it right now for easy numbers!

We are still working on connectivity for VA utilities. 

Is there an abundance of homes on the market, or is the market tight?

Is it done to show how rich we are, No.