As we flipped this ourselves from the roof to the flooring, we gained much respect to labor workers and realized even the tidiest things such as changing the outlet covers and installing new plumbing will take up a lot of time!

Plus, with your tenant experience, scaling up with more units under one roof makes sense!

That means I can either have a cash cushion for any renovations or covering some of my mortgage until I get a tenant  or get into a property quicker.- That puts my mortgage at around $1,500.

Assets identified in this study include:Appliances: Oven/range, dishwasher, refrigerator, washer/dryer, microwaveElectrical and communication systems: TV connections and dedicated equipment outletsCabinetry and CountertopsDecorative light fixtures: Sconces, pendant fixtures, chandeliersInterior Finishes: Crown molding, wood panel wall covering, window treatments8.20% of the total depreciable basis was classified as 15-year class life.

This approach allows you to manage the property closely, benefit from homeowner loan terms, and potentially increase its value with improvements before renting it out.As you transition the townhouse to a rental, ensure the rent covers all expenses and provides a profit.

He wants to focus on large ticket items for property managers: roofs, turns, hvac replacement, whole house painting, things like that.

Can't really see the metal wall from my house but you can see the roof to the commercial building as you're driving in and in the winter the trees provide less cover - although there is a very high and nice privacy fence to separate. 

For your major capex expenses, I assume AC, WH, roof, you would need to get in touch with a local contractor (or two). 

You make the mortgage payments on their behalf.Advantages:Full Ownership: You gain full legal title to the property while keeping the favorable 3.25% interest rate.Control: You have more control over the sale because you hold the deed.Simpler Resale: Since you hold title, you avoid the complications of a land contract when reselling, especially to FHA buyers.Risks:Due-on-Sale Clause: The lender could potentially enforce the due-on-sale clause if they find out you’ve taken title, though this is relatively rare in practice as long as payments are made.Higher Closing Costs: You would need to close formally and cover title, closing, and potentially transfer costs.3.

Cars are covered by car insurance, not homeowner or renter policies.Tenants files a claim with their car insurance, and you don't do anything.