Mike, My recommendation would be during due diligence for a potential purchase, ask for past 12 months of all utility bills, property taxes, and any other municipal requirements like rental permits, occupancy inspections etc. 

I would recommend you buy a few cash flowing LTR houses first.

The bigger the reserve the better, obviously, but generally most recommend a 3–6-month reserve.Makes sense, thank you!

@Heidi FischerI agree with the other posts that recommend waiting until next year.

Jason Stofer if you make that kind of money I’d recommend stop spending it on direct mail and pay down debt, especially credit card debt.The whole “find a deal the money will come” is often wrong.

They also had a separate program iterally and figuratively for $299 per month where they they would send directly to your email about 5-8 trade recommendations per month where they would literally show you what option trade to do, at what price or net debit or net credit, etc.

I’d be very grateful for any advice or recommendations on how best to approach these modifications.Also if I were to refinance in the future to pull out cash from the property, is this something that banks could refuse to lend on if I have code violations of lets say a wall that was moved or removed?

Typically I recommend on $150 ADR a night and lower a smart TV with Roku is fine. 

My recommendation is still going to be the same as I've put in other threads; buy 1.25x DSCR in a very good area or up & coming area of a very good city ideally through BRRR(you'll keep 10-30% of the capital in the deal likely), invest ideally 60-80% of your downpayment(no less than 33%) in a debt note fund that matures in 2-4 years.

It may be time to shop around for a new one who will actually add value to your investment.If you want a recommendation for a reliable property manager in the Lehigh Valley, I’d be happy to share some contacts.