(optional)Kitchen Remodel (2020): Updated countertops, cabinets, and installed new stainless steel appliances.Bathroom Renovation (2019): Added new tiles, modern fixtures, and a glass shower enclosure in the master bathroom.Finished Basement (2018): Added 600 sq. ft. of finished space, including a family room and home office.New Roof (2021): Replaced the entire roof with new shingles and added improved insulation.Landscaping (2022): Redesigned front and backyard with new plants, sod, and an outdoor seating area.Energy-Efficient Windows (2020): Installed energy-saving windows throughout the home.

Looking into the STR market, i would suggest a couple things to include into your property search. 1) the STR market is very saturated here so look for something unique or offer unique amenities to your guests, this will help your property stand out 2) different set of rules for properties located within city limits vs without i.e. outside city limits doesn’t require a permit which the city is cracking down on the amount of STRs on any given street or neighborhood 3) HOA is a big deterrence as a lot of HOAs don’t want any rentals of less than 30 days so an in depth search into covenants and by laws would be doing your due diligence.

AZ compliance on LLC is dependent on a number of factors including how many investment partners are in LLC.  ...

When we are asked for a proof of funds, I will write a letter, likely similar to the one you received, and I always include a redacted bank statement.

The last full septic I did in NJ was 42k including the leech field and everything new.Most towns get sent a septic inspection these days and will require that it be done.

But they use high level tech....pre screen, self showings, and the 1225 is the standard fee for first month lease up services including them drafting and getting tenant to sign lease..

We are looking for a Co-GP that has good track record and help us to manage the properties we are buying, we will do the heavy listing including bringing investors.

Communication is challenging, most likely uninsured, but this is in-line with the budget.c) Keep searching for contractors, adding time to project and potentially costs.d) Buy scaffolding or rent scaffolding or a lift and demo myself for under $1,500, including dumpster.What would you do??

Calculating the cash flow for both properties:Property A: $1,800 x 12 - $2,000 - $1,500 - $250 x 12 = $15,100/YrProperty B: $1,600 x 12 - $800 - $600 - $35 x 12 = $17,380Property B is the better property once operating costs are included.SummaryBecause the rent price ratio does not include recurring costs, it almost always provides invalid results.

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.