11DefineConsult an interior designer12PlanCreate project plan (timelines, key dates, who to contact)13PlanCreate budget and brainstorm financing options14PlanSecure financing15BuildGet permits and licenseses16BuildGet water/electricity/power hookups set up17BuildPrepare for build (e.g. lay foundation)18BuildBuy structure19BuildBuild and remodel structure (insulation, electric, siding, etc.)20BuildBuild out interior design (e.g. paint, decorate, etc.) and buy appliances/decor21BuildBuild out lawn and landscape22BuildFinalize the exterior of the building (e.g. paint and fixtures)23MarketTake photos24MarketCreate listing25MarketCreate websiteThanks!

Section 8 rent payment standards has the city willing to pay up to $3,120 per 3 br unit so I used gross rent of $6,240 given rent for the furnished 2/1 unit would be too variable with partners living there as they please.Phila.gov info:https://property.phila.gov/?

I'm particularly passionate about  Passive IncomeOutside of real estate, I enjoy family, working out, running 2 real estate investors group in Orlando, and creating relationships, and lastly healthy water and clean air purification for homes, schools, for all real estate actually as there is pollution and sickness because of caamination ... our water and the air we. breathe.I'm excited to learn and connect with you all!

Hi If anyone can give some adviceAbout 8 months ago in June 2023, tenant complained of water leakage in one of the rooms, I sent my handyman to take a look and looks like the HVAC air filter was completely blocked, it caused alot of water to leak onto the floor. 

---Here is the repair note: The air handler was in the opposite direction and the water fell from the condensate pan, which was removed and was placed correctly.

I have had a couple rep me who seemed to be familiar and be able to answer questions on restrictions so I wasn't sure if this was common or standard practice. 

ARV : $250,000Monthly gross rental income: $4600Monthly mortgage payment: $1100Property description: completely vacant 4 family (three 3 bedroom, one 2 bedroom apartments) in a competitive rental market with housing shortage (large pool of candidates) 7000 sq ft property with massive units, roof was torn off and redone, newer hot water heaters, furnaces, electrical, plumbing.

There are products out there that are very wear resistant, water resistant, etc. 

By the way - for anyone looking to do this, you might consider just doing a conventional Homestyle renovation loan (or FHA 203K, but I prefer the conventional over FHA), and once it's done, re-fi into a standard VA loan.  

Foundation/structural engineer determined a water downspout on one side of the house caused the soil erosion.