Seems like a decent concept if you include are comprehensive in the policy...especially now that I am self managing a number of my properties.

The $140k Homes run about $1700 a year in taxes, so that brings the total payment to $958/mo without insurance which kicks them off.Of course, you could just do a 2 income household and kick it over, and the people could do it that way, but people seem not to like it too much.Now, having said that , in these areas where a foreclosure comes up for $120k or so, they go like hotcakes.

Treasury Inspector General's Report This long awaited guidance regarding the 1031 exchange of vacation property and second homes was a direct result of the Inspector General's Report http://www.exeter1031.com/news_treasury_report_1031_like_kind_exchanges.aspx issued on Like Kind Exchanges last September. 1031 Exchanges of Vacation Property I've tried to pull all of the information together and write a comprehensive article on the requirements to 1031 exchange vacation homes or second homes.

I'd like to get some input on how much I could/should be spending on an investment property, given the fact that my wife and I will be looking for a home of our own in the next 1-3 years.We live in New York City, but I've been interested in purchasing a multi family investment property for a while now, and am getting the ball rolling on that.Our household income is around $180k/year.  

This will make the last unit viable.Minimum drawing requirements include, but are not limited to:Bear the seal of a register design professional, in compliance with Sections 33791.01, 4703.12, and 4733.14 of the Ohio Revised code.Plans shall be drawn to scale and shall be sufficiently clear, comprehensive, detailed, and legible so that a determination can be made for conformance with all of the applicable provisions of the currently adopted codes.Mechanical plans: unit types and sizes, system layout, ventilation requirements, and provisions, and control system diagram.Electrical plans: riser diagram including provisions for grounding, panel board schedules, lighting plan(s) and circuiting, power plan(s) and circuiting, and special systems plans.Energy calculations.Provide a site plan showing to scale the size and location of new contruction and all existing structures on the site, including setback and side yard dimensions, all property and interior lot lines, distances from lot lines, the locations of the nearest streets, the established street grades, types and sizes of all utility lines and the elevations of the proposed finished grades; drawn in accordance with an accurate boundary line survey.Submit plumbing plans and details that locate and describe all fixtures, fixture schedules, and show compliance to handicapped accessibility.

With almost 46% of households as rentals, the Charleston market is better than it appears on paper.  

As I give advice to clients, I always want to make sure it is as comprehensive as possible.

Census Bureau: American Community Survey (ACS)The ACS was launched in 2005 and is administered every year by the Census Bureau to roughly three and a half million households in the USA.

🎆 I see you are starting the new year with a bang lolTypically, I read the ULI Emerging Report and find it to be comprehensive due to its overlap with other real estate sectors.

Aside from providing the basics (ie. listing tool to get the property published to 10+ major sites, scheduling tool to schedule viewings, tenant screening with comprehensive applications -- pulled reports from TransUnion, which include nationwide criminal background checks + credit checks + eviction history, digital lease creation tool, rent collection tool, and maintenance tracking tool), some services also offer your tenants additional capabilities which makes it an easier sell on your end when getting them to transition over (ie. their ability to report on-time rent payments to the credit bureaus; this can create an added incentive for making sure they pay that rent on time).