However, make sure to account for renovation costs, HELOC interest, vacancy rates, and local rental laws.

Neither Tardus nor our coaches accept commissions from vendors.

I’d suggest reaching out to some local agents in the area.

your comment around "approvals will be easy to get" gives me pays if you've not done this type of project before, I understand your logic, and I don't know your local municipality but it always seems to me that no matter how easy we think a project or approval is going to be, something always comes up.

This is a revision of my old post on this timely topic. Timely because January 31st is the deadline.

Sending 1099-NEC (formerly 1099-MISC) to contractors and vendors

2024 update: While not directly related...

If @Drew Sygit doesn't have a local person for you, I have CFO clients in KC, MO that have used this firm: https://propertyvaluationservices.net/services/protest-taxes...

Quote from @John Paul Palace: Our plan was to invest locally, however our market here is tough.

Check local rents (Zillow, Rentometer) and cap rates—Cleveland’s market favors long-term stability.

I live in SW Montana where there is a strong STR market and am considering buying a lot locally (2.5 acre overlooking the river/valley/mountains) where I could set up 2-4 Tipi's and rent portable bathroom/washing station for the lot.

As for the paint, I don't know your local laws, but 4 years is probably past the useful life of paint in your area.