Reading what you all I’ve had to say, which I very much appreciate, I’m a little concerned because it is definitely boutique and also very high-end in terms of style: stamped concrete wall, polished  concrete floors, chicum wall in the  kitchen… but there are only 10 units total. there is a coffee shop that will be on the first floor and as I mentioned it’s right on the border of La Valeta and Holistika.

This will be the first year I will be able to deliver to my tax man a really clear, concrete report.

Quote from @Christopher Berra: Quote from @Kevin Perez: If you want any advice feel free to reach out all of my rentals are S8 in several different states - every state has their own rules and guidelines but reach out if you are still interested What has your experience with Section 8?

I also liked the fact that it was structurally sound with concrete block construction, a tile roof, and high elevation.

To address these issues, the Florida state legislature proposed a bill during the 2024 legislative session to provide relief and clearer guidelines for property owners.

If that doesn't work you'll want carpet or concrete apoxy (like a garage).

Melissa Hi Melissa, DSCR loan guidelines vary per lender and are always changing.

Standards have to be a bit stricter, not saying higher, but stricter.Another guideline is every April & October, everything is paid with cash and if cash is not accepted--debit card-- it really makes you look at how you spend.

Even though you’re purchasing a new primary residence, investment property underwriting guidelines need to be taken into consideration with your scenario.

Additional details on the Umbrella policy and how to manage contractor work and ensure being an additionally insured party to the GC policy were great.I intend to create one CA LLC (without moving properties to another LLC after renovation for renting), get a good umbrella coverage policy, and ensure renovation and rental guidelines (GC insurance, Fair Housing Act, etc.).