It's really much more fun and fulfilling than my far-away Disney rental, and it allows us to almost cover our mortgage while we grow equity in a great place to live. 

you might have to basically take the entire interior down to the studs, perform mold remediation, reinsulate, new drywall, new wiring etc.  30k might not cover it.

State Auto sent me a note that they are no longer covering these types of policies but Safeco would be happy to sell me a policy for 5900 a year (previous was 2200).

I’ve found it best to start over from scratch but maintain the old listing title and cover photo for a short period of time to get any potential guest transfers.

Maybe see if you can find them and see if they are insured to cover any problems that might come up. 

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.

Rental (mostly DSCR) is a different story as you need to have the rent support/cover the PITI + HOA costs.

While I have the funds for the down payments, I’m in need of approximately $30,000 to cover the rehab costs for these properties to get them in market rent shape.I’m exploring various options to secure the necessary financing and would greatly appreciate any advice or recommendations on the best ways to obtain rehab funds.

Hi all, my name is Zak Moses and I am a Realtor on the central coast of CA covering San Luis Obispo County.

Hey @Tim Baldwin I guess I was under the impression 18% was the total covering the PM fees which included cleaning.