Ideally completing light renovations like this shouldn't take long and you should  have a low holding cost on the hard money loan (if you used debt) and make a higher profit on the sale or have more flexibility on the payoff when you refinance  Plan on long-term and hold.

These details will guide how much you can build and where.Engage with Municipalities: Start conversations with local governments early to ensure your plans align with their expectations.

I have a question about what’s working in your markets when it comes to floor plans and features.

The other big piece of news recently was the approval of Metro's transit plan for greater Nashville.

I own an investment property in Austin and plan to acquire another by year-end.

I will continue to tweak my plans and eventually find a nice niche that fits my investing style.   

Are you trying to use FHA on your first property or you are planning to move out from your current primary and trying to acquire the 2nd property?

If you are looking to cash out some of the equity, then I don't think your plan will work.

Fast forward to today and one of those existing STR's has become a nuisance to the neighborhood and so the HOA board is planning to ban all STR's using what they believe are provisions in the CC&Rs to justify it and have consulted an attorney to validate the legal standing on implementing this ban.The CC&Rs were written in 1998 (before STR's was even a thing) and have these sections being cited by a couple members of the board as justification for banning the rentals (note there is not anything explicit about STR's in the documents)Section 1 – Single Family Residential – states in part, “… Lots… shall be used for no purpose other than residential purposes.”

We plan to do a lead inspection first but just want to get a general idea of how much it will cost before purchasing this property.Thanks in advance,Ann