Ensuring compatibility among tenants, setting clear rules, and having a solid management plan can help mitigate conflicts and turnover.

You find the person who makes decisions bout the property and ask "what are your plans for the house?" 

However, anything that impacts functionality like plumbing, HVAC, or safety issues should be handled before listing to avoid turning off potential renters/buyers.If you’re re planning to lease it, tenants will expect everything to be move-in ready before signing.

Remember, this is ONLY if the units arent on their program.So, why wouldn't I put all my units on the program?

In two years I plan to pull equity from my home, rent it out, and purchase another to live in for two years..

Lastly, land development requires solid planning and capital, so getting the right development loan with flexible terms will be vital for success.

My father is the trustee and sole beneficiary, and plans to will the house to my wife sister and her.We want to take out a HELOC on the house to invest in real estate (we currently have two properties and are planning to scale up).

I have a degree in civil engineering and 15 years construction, site development, and short term rental experience and am looking to shift my focus/career towards real estate development, mainly raw land although if there were a house on the property could include fix and flip.I plan to purchase 50+ acres of raw land with 1000+ feet of road frontage, have it surveyed and split into separate 5+ acre parcels for re-listing.

But if you want to maximize your deductions now or plan to sell the property soon, then using it now could be better.Also, if you or your spouse qualify as a Real Estate Professional for tax purposes, the losses could offset other income, like your W-2 salary.

I plan to simply get my permits and get the unit built.