The loan does need to be secured by the property being improved if we are talking about a personal residence and personal itemized deductions on Schedule A.

These are just some of the additional items that will have a significant impact on carrier's rates, your premiums, and whether we start to see the insurance market soften anytime soon or not.

I had to drop a rental by about 10% and an apartment building I'm invested in that we were helping to lease up we had to drop 25%.

We work with an agent who specializes in leases and let her know of the properties we have available for MTR and she brings in a few reservations every year. 

Find a renter, qualify them, move them in, collect rent, oversee repairs, re-sign leases, move them out, turn the unit, rinse and repeat.

The property is located near two colleges, so I’m focusing on student tenants and planning for 12-month lease terms.Do you have any tips or advice for renting by the room?

I think negotiations on knocking the price down on inspection items on value add will be huge especially if its a flip like you mentioned.

Hey Joanne, you’re definitely onto something with room rentals.. it can be an excellent strategy for offsetting a hefty mortgage and, in some cases, bringing in higher total rent than a single lease.

We're now up to $1,900/mo and the current tenant wanted to sign a full year lease so it's a furnished long term rental for the moment.

I am serving her a notice to vacate at the end of her lease in feb.