Including a self-canceling clause in the note ensures the balance is forgiven upon the parent’s death.

Just recently listened to a podcast on mid-term rentals specifically for traveling nurses but could also include corporate professionals or large-scale construction project workers.

I'm glad to be included on this platform with like minded interests.

Because it is an investment property, you would pay all fees, including appraisal.

Avoid any self-help eviction tactics like changing locks.Maintenance: As a landlord, you’re responsible for ensuring the property meets basic health and safety standards, including working plumbing, heating, and electrical systems.Inspections: While there are no mandatory inspections required before renting, your property should comply with building codes.

The Homeowners Insurance will include Builder's Risk.

No issues and tenants are renewing.That indicates tenants were paying below market rates.If the market rate for a 2-bed/1-bath apartment is $1,000 without utilities included, then he should adjust his rate to $1,100 because it includes $100 in utility cost.

I also worked with a great lender who helped navigate financing options, including my HELOC, to make the deal happen.

I know that interest on the acquisition loan can be included in the cost basis since it’s inventory.

All-in-all the renovations (including a new patio and new plumbing will cost around $90K).