I’m estimating renovation costs at around $150,000.

Costs before that (during remodeling) are added to the basis.2.

Whether the seller was open to a buyer commission or not, I wouldn't put an additional cost into any personal purchase.  

The property is off grid, but already set up with solar and a compost toilet and things of that nature.

The very tragic LA fires have generated a lot of discussion about insurance costs.

Hard money typically refers to a company that has it's own underwriting guidelines, rates (9% - 15%), costs, draw process ect.

Line Item Fee Collected Rents 10% of All Collected Rents New Tenant Search & Onboarding $500 Business Hour Service Calls $80/hour + Materials Cost + Tax After Hour Service Calls $110/hour + Materials Cost + Tax HVAC Cleaning & InspectionGutter CleaningSpring/Fall Exterior CleanupSeasonal Mowing & Weed TrimmingSeasonal Snow PlowingGeneral Contractor Vendor Cost + 10% Oversight Fee

Selling the PropertyIf your parents decide to sell, they could: Sell As-Is: At a current appraisal of $350k, they could walk away with a sizable profit (after transaction costs like realtor fees, taxes, etc.).

A San Diego host I know switched their lead photo between their pool and a cozy firepit setup depending on the time of year - it kept the listing fresh and boosted engagement year-round.Capture Functional LuxuryGuests love spaces that solve problems while feeling high-end.

.: I’m currently renovating a rental property and exploring ways to manage costs without compromising on quality.