@Dennis KnappJ Scotts book on estimating rehab costs is a great start. https://store.biggerpockets.com/products/the-book-on-estimat...Here is a "general" rule of thumb for my market in Jacksonville, FL.

You are taking over for someone who didn't care at all about the rules and you want the city to just be like, "yeah, this is fine"?

If there are items of value left behind, or even personal items of sentimental value, I will follow the abandonment rules to a "T" to avoid any legal issues.

Any action in your market regarding these rules/laws etc. ? 

All of the furniture was purchased last year and looks great.There is a restriction of the exterior needs to stay as it looks for a historical location.

However, you do not need to file Form 8832 because IRS rules allow a married couple in a community property state to elect disregarded entity treatment by default.

They also handle legal matters, like making sure the property follows the rules or dealing with evictions if necessary.For finding deals, I recommend starting by connecting with investor-friendly agents in your target market.

I agree with Patricia, but there are always exceptions to every rule.

Hi Everyone,I am looking to get started with doing rental arbitrage with my cousin who is a Green Card holder, however, I am on a H1B Visa which restricts my ability to earn income "actively".

There are several different kinds of exchanges with different rules and timelines, not just one type.