He further said it should NOT go to eating out or buying other items  and for sure should not be used to quit your job ( which is so popular mind set)Mr.

Can I 1031 my mother’s house I just inherited for a convenience store?  

The LP investors think they must be missing some key item looking at all of the numbers so invest anyways.

These loans allow buyers to purchase a property “AS IS, WHERE IS”.Renovation loans are available in 30, 20- and 15-year fixed rate terms and can be used to purchase owner occupied, second home and investment properties.By time the renovations are completed, the home needs to be in move-in, live-in condition and conceptually ready to be resold without repair issues.Other Important Items to Know about “Conventional” Renovation LoansMaximum – Minimum Purchase/Upgrade Amounts:Maximum: Limited to 75% of the “after improved” valueOccupancy: Primary, Second Homes, Investment PropertiesUnits: 1-4 unit propertiesRenovation Term:The renovation term for this program is a maximum of 180 days.The Borrower(s) is responsible for the work being completed within the escrow period.

Criteria:6 months STR2 bd, 2 ba, Single Level House Furnished with yard, washer & dryer with A/C (inland not near coast)Pet Allowable 40 lb labodor 10 yrs, 40 lbs Red Heeler Mix and 6 lbs catNear VA Hospital, shops, grocery stores (at least 25 minutes commute)

Your PM will be able to help you manage everything from leasing, regular maintenance to bigger ticket items like replacing your roof and managing tenants.

For example, maybe they believe they did $1800 in work, buy you believe they did $1200 in work and that there is still a punch-list of items that need to be done.

Also, when it comes to these infrastructure items you are concerned about, learn more about the "options".

Based off the information you provided, it sounds like there's no issue from your end.In the future, you may want to include something in the lease agreement that outlines objects that may be stored on premise.

I just added laundry to a unit and need to update the lease with a laundry line item.