also if the landlord becomes responsible for utilities would i be able to adjust the rent??

Thankfully, we caught it during the plan review stage, and with a stamped structural design, they got the kitchen of their dreams—without jeopardizing safety or facing surprise delays.Here’s what to think about when renovating:Structural Changes: Even moving a wall can have ripple effects on the stability of your home.HVAC Systems: New layouts might need adjusted airflow or ductwork.Plumbing and Electrical: Moving sinks, showers, or outlets requires careful rerouting to comply with building codes.Before starting demolition or submitting permits, have your plans reviewed by a licensed engineer or architect to avoid costly surprises.

If so, consider adjusting your rent or offering incentives like flexible lease terms.

Thanks again Jay for weighing in, appreciate your insight. get a couple in the can then you can adjust..

That doesn't mean you don't increase the rent, but adjust by how much you increase it.

Quote from @Patricia Andriolo-Bull: Quote from @Dominic Mazzarella: I believe that Stessa isn’t designed to handle all the nuances of depreciation and tax adjustments perfectly.

Why would someone buy now and make little money for the chance that the rates will adjust later?

Instead of doing a 3-yr bullet you may consider making the note adjustable at 1% escalation annually past year 3.

I could see homes listed daily as well as price adjustments immediately as they occurred, on the homes I had saved.

However, the depreciation claimed while the property was a rental must be accounted for upon the future sale of the personal residence, which could increase your capital gains tax liability.The adjusted basis of the property (original cost minus depreciation) will be used to calculate gains or losses at the time of sale.