Hey all,I am in the middle of my first rehab (for LT rental) and want/need to lower two decaying chimney stacks to a safe height above the roof. 

If I had to do it over again, I would hire an attorney to be safe.

I will say we generally have no trouble keeping ours full and we focus on having nice, clean, safe spaces.

But the fact is, in the long term, if you own property then your money has a constant and safe return on investment.In a bear market, investors worry about the value of their investments.

I originally used $1,800 as my insurance placeholder during underwriting for this first property (assuming for a commercial style policy), so I’ll still be safe cash flow/return-wise.

If the house isn’t safe to live in because of damage, here’s what you’ll need to do.

For time horizons of 5 years or less, I usually prefer something safe like a HYSA or money-market fund.

I use the term safe harbor - meaning if there ever is issues with it then the attorney you drafted it is gonna have to defend it.

With a requirement to hold and rent to Section-8 for 5 years upon completion.Much safer loan, much more likely to house these people in safe sanitary conditions (over the long haul).Just my 2 cents.

Now using the de minimis/routine maintenance safe harbors instead of bonus depreciation for appliances, carpet and the like.