If you’re leading it to a company be sure to have in your lease explicit information about who is responsible for what in terms of maintenance.

Quote from @Fidel Mercado Gonzalez: Hi Theresa,Thank you for sharing this information—it’s really helpful.

Thank you so much for the valuable information!

Good decisions come from INFORMED decision making. 

Again, there are a lot of things that you are implying about our business on a platform where the information will stay for others to read in the future.

Here is a link that provides fantastic information on the turnkey investing option from BP. 

My partner is also a project manager, so we are relatively confident we can run a successful renovation remotely from Long Island.Jaycee - There are not a lot of pictures or other informative metrics for me to 100% say yes.

The information contained in this post is not to be relied upon.

Quote from @Samuel Hudson: Hello friends I am new the market and recently bought a home in Weehawken 6 months backs .Its a three family home and we are currently doing renovations Right now.The rent leveling board told me that two units would have to follow a rent of 1650 for unit 1 which has three bedrooms and another unknown amount for unit 2 which they don’t have the information for .The previous seller I purchased the property from bought it as a tax lien .He has kept the property vacant for two years with no tenants before selling it to me .However ,the previous Owner he bought it from must have had tenants .I am putting in a lot of money into renovations and want some clarity on the situation I am in .The property has been vacant for the two years and currently still is as we are doing renovation .It would be really appreciated if anyone can assist me on what information needs to be provided by from the previous seller for me to be able to set the rent based on the market value .Thank you . 

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.