Costs before that (during remodeling) are added to the basis.2.

My cost they said i could do $2,000 up front and then next couple months more payments with cold calling they offer and fee would be $9,800 plus the cold callers Virtual assisant that would be working with me.

Well anyone can write anything into a contract, but whether it is legal and enforceable is for the courts to decide...It is State law here that a contractor must call 811 or they are liable for the costs.

Hi @Elias Halvorson,Both markets offer lower costs of entry and opportunities for cash flow.

And maybe diversify a little, invest half in a low cost S&P500 fund like VOO and the split the rest across 2 or 3 syndications.

SwissPMG can assist you in your property search, underwrite, acquisition, rehab and property management here in Columbus, OH.

My guess solely looking at your numbers is that it's an older/distressed property which means you have to account for more costs in capex. 2nd thought being it's not in the best of neighborhood then you'd have to take into consideration lower quality tenants/ neighbors and maybe increase expected vacancy and late payments.

When it comes to managing your mortgage, most homeowners are familiar with refinancing as a way to lower monthly payments or take advantage of better interest rates.

You might want to partner up with a friend or family member to mitigate the costs.

@Michael Baum how many Short-term rentals do you manage this way where you are on call all the time?